RE/MAX ELITE....$100.00 DOWN ON hud HOMES

www.2483660.com Post,   I just came across an update today from HUD.  If you or someone you know is wanting to buy a home, the program below not only allows you to buy a home with only $100 down, but could also give you $2500 in extra incentives!   Even if you are not thinking of buying a home, PLEASE pass this along to anyone who you know who might be.  This is just too good of an opportunity to miss!   HUD Expands Sales Incentive Program! Take Advantage of BIG Incentives NOW when you purchase HUD Homes in Ohio $100 Down Payments! Purchase a HUD Home with FHA-insured financing for low down payments. YES You can own your own home!   This special sales offer may not be combined with any other HUD discount sale, including sales under the Good Neighbor Next Door program or sales to non-profit organizations.   $2500 Sales Allowances! The sales allowance is available to Owner-Occupants purchasing HUD homes with a sales price equal to or greater than $25,000. Purchase can be FHA, conventional, or cash financed. $2500 can be used for repairs, closing costs and mortgage principal reduction.   See our RE/MAX site:  www.myelitehome.com   AND OUR INHOUSE LENDER, WWW.CLERMONTFINANCIAL.COM   Kim Schieldknecht

Kim Schieldknecht, Clermont Financial LLC
726 Mohawk Trail & 5720 gateway blvd #204 Milford and Mason OH 45150 (513)587-3599

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Cincinnati Mortgage Market Update

Cincinnati Mortgage Market Presented by Kim Schieldknecht - LO.002028.000, MB.802245.000 of Clermont Financial LLC Mortgage Market Update: The National Association of REALTORS reported in late September that recent sales for existing homes declined slightly, to an estimated annual volume of 4.91 million units for 2008. Recent tightening in mortgage lending has created challenges for some of today's home buyers. According to Freddie Mac, the thirty year fixed rate mortgage hovered in the mid 6 percent range. Officials are hoping that recent actions taken by the Federal government will create stability in the housing market. Lawrence Yun, chief economist for the National Association of REALTORS, says, "With higher loan limits and a beefing up of the FHA program, all the mechanisms have been falling into place to increase mortgage availability." In other news, the House of Representatives passed the Veterans Construction and Extension Act of 2008, which helps Veterans achieve their dreams of home ownership. The bill has been passed on to the Senate for finalization. If you're in the market for a home, contact us for information on FHA, VA, and other mortgage programs that might be right for you. Finance Q and A: Q: How does the $7500 tax credit work for today's first time buyers? A: The $7500 tax credit is not really a tax credit as much as it is a tax-free loan. As a first time buyer, you are allowed to apply 10 percent of your purchase price, or as much as $7500, as a tax credit on your return. This can put money in your pocket when you file your taxes, but keep in mind that this money will need to be paid back to the government in small installments over the next 15 years. Even so, this is a tremendous incentive for first time buyers looking to take advantage of today's market opportunities. Tip of the Month: With credit markets tightening as financial institutions deal with recent liquidity challenges, it is now more important than ever that home borrowers get their financial house in order when applying for a loan. Be sure to review your credit report with your mortgage professional and get pre-approved for your loan before making an offer on a home. A little preparation goes a long way and can mean all of the difference when it comes to closing on that dream home. Kim Schieldknecht - LO.002028.000, MB.802245.000 Clermont Financial LLC 726 Mohawk Trail & 5720 gateway blvd #204 Milford and Mason, OH 45150 (513)587-3599 http://www.clermontfinancial.com

National Statistics Updated 10/1/2008 4.91 M Exist Home Sales 692 Avg Credit Score 2.0% Fed Funds Rate EVEN 4 Wk Rate Trend

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