New Home Plan

I heard that home owners who have a mortgage that is under water (meaning that their house is worth less than the mortgage) could get to refinance at the lower rates.
Does that mean that i can do this, i'm also underwater, make my payments every month. my interest rate right now is 5.85% fix 30 year loan, and i have a good fico score. do u think i can get a lower rate under this new plan?

Full eligibility details will be published March 4, but here are the basic criteria from what I've gathered on the treasury website:

1. Your loan must be backed or secured through either Fannie Mae or Freddie Mac.
2. You must have been doing a good job of keeping up with your mortgage payments up to date.
3. You will need to show that your income will allow you to continue covering payments even after refinancing.

2009-02-18 16:18:47 by Jodi F

As the oldest family owned builder of new homes, Shea Homes has proven experience and expertise when it comes to home building. This builder of ...

I currently work for an engineering firm and we have serveral clients which are architects. I can tell you from experience that dealing with an architecture firm could get quiet expensive. Have you considered finding a freelance floorplan designer/architect? My estimate would be around $1000 from a freelance architect for design, material cost and labor time.

2005-12-13 11:50:10 by Novice

I'm a married woman with a child and we are first time homebuyers and our income is in the $75k-$95k bracket. How is Obama's new stimulus plan going to affect me? Am I still to receive my $7500 tax credit for purchasing my home?

They cut out the portion of the stimulus that would give you a tax credit for purchasing a house or car. You know, the portion that may actually DO something to help us out.

"Working to accommodate the new, lower overall limit of the bill, negotiators effectively wiped out a Senate-passed provision for a new $15,000 tax credit to defray the cost of buying a home, these officials said. The agreement would allow taxpayers to deduct the sales tax paid on new car purchases, but not the interest on loans for the same vehicles."

Out of $2 trillion worth of stimuli they cut out the $19 billion that would have re sparked the housing market, which is supposedly at the center of all the trouble. The money was put in the bill on an unanimous Senate vote.

2009-02-13 06:55:39 by Bambulina

i want need from arcitacte to designe/plan for my new home.i.e where is the bads and kitchen,lounch.can i see a side where i can see diffrent maps or basic plans

I have a friend that can help. Email tycica@msn.com. She has designed many homes and her rates are very reasonable.

2007-03-11 07:47:01 by adbeer z

Hi,

I just bought a new home - love the floor plan but not the kitchen. The previous owners have put granite floors, stone tiles for countertop, maple cabinets and white appliances. The ganite is black with brown spots like pattern - it is similar to the photos posted in the previous discussion named "Kitchens I have designed". The countertop is light brown with brown grout and the maple cabinets are the light colored kind. If you can imagine it - nothing goes together in the kitchen.

I am not sure if I want to change the granite floors as that extends to the family room (open plan). Currently the walls are beige and I am planning on changing that to brown (not very dark but dark). What else should I change in the kitchen to make it look look beautiful? I am looking around in the forum and see very talented and creative people here - so, I am hoping to get some opinions about this. Please do let me know. I really appreciate it!

Thank you!

as a contractor and without seeing the kitchen, here are my initial thoughts,leave the floor as is is the most expensive to change out. I would consider changing the countertops to a some what lighter color and going with a solid surface like cambria or corian. also change the wall color find a complimentary shade your idea for a lighter brown is good as thet are very popular colors right now. Ithink you should also change your white appliances out for stainless steel. lastly if they dont have them already find some nice pulls for your cabinet doors and drawer fronts .they add a lot ..good luck

2006-08-10 11:51:23 by LEO2007