Top 5 Tips for Preserving Your Credit and Mortgage Application
Credit Reports, One May Not be Enough
Monthly Payment is a Crucial Factor
Affordability is a function of Home Price, Interest Rate and Down Payment

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A Second Chance at Tax Savings
You’ve got about three years to amend your return, so go back and make sure you got everything you deserve.
By Mary Beth Franklin, Kiplinger.com
Did you claim every tax break that you were entitled to when you filed your 2009 federal tax return this year? Now that the pressure is off [...]

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Obama Loan Modification Plan Explained
The key components of Obama’s foreclosure-avoidance program are loan modification and loan refinancing. The details of this provision has created an extraordinary opportunity for millions of people to either re-finance or modify their existing mortgage.
What is Obama’s loan modification plan?
President Obama recently announced a $75 billion initiative called the Homeowner Affordability [...]

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The median sales price for homes in Rochester MN for Dec 05 to Feb 06 was $275,000 based on 2 home sales. Compared to the same period one year ago, the median home sales price increased 0%, or $275,000, and the number of home sales increased 0%. There are currently 1,436 resale and new homes [...]

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Federal Tax Rebate Extended…

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NE Rochester Home Sales for 10/2009

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$8,000 First Time Home Buyer Tax Credit! Expires November 30, 2009 – When should I call? NOW

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 Downpayment/Closing Cost Loans for Buyers of Foreclosed Properties 

Greater Minnesota Housing Funds will provide downpayment and closing cost assistance loans of $10,000 or $15,000 (depending on buyer’s income and availability of GMHF funds) to income qualified buyers purchasing foreclosed home in Greater Minnesota. Loans have 0% interest and no monthly payments are required! If the buyer [...]

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How has the new Stimulus bill affected the tax credits for energy efficient home improvements?
On February 17, 2009, President Obama signed a stimulus bill (The American Recovery and Reinvestment Act of 2009) that made some significant changes to the energy efficiency tax credits.  The highlights are:

The tax credits that were previously effective for 2009, have been [...]

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We’d like to welcome you to The Williams Home Team Real Estate Blog. The blog will provide the latest news and stastics regarding the local Rochester MN real estate market.

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