Congress Passes Homebuyer Tax Credit Extension and Expansion
Today the United States House of Representatives, by a vote of 430-12, joined the Senate in passing the Unemployment Insurance Bill, which contains the Homebuyer Tax Credit extension and expansion. The bill now goes to the President for his signature, possibly tomorrow
Mark Gracy
Your real estate resource in The Andovers, Merrimack Valley and Southern New Hampshire
Mark Gracy - The Gracy Team
Realtor/Partner
Keller Williams Realty
Office: 978.984.3107 [tel/fax]
Direct: 978.861.4016 [tel/fax]
Email: mark@gracyteam.com
Web: www.GracyTeam.com
Keller Williams Realty 168 N Main St Andover MA 01810
Each office independently owned and operated
Thursday, November 5, 2009
Thursday, September 24, 2009
Arrow Woods Estate Methuen MA Stunning Custom Built Colonial For Sale
Additional details, photos and tours visit 1 Highwoods Drive Methuen online
Mark Gracy
The Gracy Team search for your perfect home right now
Keller Williams Realty
(978) 984-3107
Mark Gracy
The Gracy Team search for your perfect home right now
Keller Williams Realty
(978) 984-3107
Tuesday, September 22, 2009
Business Networking Mixer
“In The Loop” Business Networking Mixer
Are you a local business owner? Are you interested in growing your business? Then you’re invited to attend a business networking mixer at New England Seafood Restaurant (located at the Days Inn and Conference Center) on Pelham Street in Methuen on Tuesday, September 29th from 5:30pm to 7:30pm. Sponsored by BNI The Loop Chapter and New England Seafood, this is an event you don’t want to miss!
The Loop Chapter of BNI in Methuen is looking for new members to pass referrals to. A seat in our chapter currently averages about $13,000 in revenue per year from member referrals! Come find out more about how you can be a part of our success! Current open seats we are seeking to fill include but are not limited to:
ELECTRICIAN EVENT PLANNER PLUMBER
WEB DESIGNER HOME INSPECTOR MERCHANT SERVICES
PAYROLL SERVICES MARKETING AGENT COMMERCIAL REALTOR
GIFT BASKET SALES VIDEOGRAPHER
We only allow one member per profession…so join now and lock out your competition! You can find out more about BNI and get “In the Loop” by networking with us at our mixer! If you are interested in joining BNI and are unable to attend our mixer, please call Chapter President, Michael Wendt at (978)239-0281 or Email him at Info@RoleModelInstitute.com.
Saturday, September 12, 2009
Just Listed - 1 Highwoods Drive Methuen, Ma 01844
Stunning Custom Contemporary Colonial Just Listed 1 Highwoods Drive Methuen, Ma 01844
Shared via AddThis
Shared via AddThis
19 Woodland Park Drive Haverhill, Ma 01830
Click here for photos, virtual tour and more 19 Woodland Park Drive Haverhill, Ma 01830
Shared via AddThis
Shared via AddThis
Friday, August 7, 2009
MassHousing Monetize First-Time Homebuyer Credit
"Patrick, MassHousing Monetize First-Time Homebuyer Credit
By Ian B. Murphy
Banker & Tradesman Staff Writer
Today
Gov. Deval Patrick has announced a loan program through MassHousing allowing first-time homebuyers to monetize and use an $8,000 federal tax credit as a funding source toward the closing costs of their new home.
The principal and interest payments for the loan will be deferred until June 1, 2010, to allow first-time homebuyers to pay back MassHousing with their federal tax credit. If loans aren't paid by the June deadline, they will be amortized for 10 years at the rate of their original mortgage.
Gary Rogers, president of the Massachusetts Association of Realtors (MAR), said not paying back the loan with money saved from the tax credit is still a decent option.'If that's what the homebuyer opts to do, that's still an excellent program; usually second mortgages have much higher rates,' Rogers told Banker & Tradesman.
The loans will be available only to homebuyers with MassHousing mortgages, through MassHousing-approved lenders. To be eligible, loan participants must use the home purchased through the program as their primary residence for at least three years, and must purchase a one, two, three or four-family home from a seller unrelated to the buyer by Nov. 30.
'These loans will both help prospective homebuyers achieve the comfort and stability of homeownership for their families, and also stimulate the commonwealth's economy through increased home sales, while reviving neighborhoods impacted by foreclosure,' Patrick said in a statement.
This is the first program of its type in Massachusetts, according to Rogers, but there have been other variations of the same theme in other states. MAR worked with Patrick, Lt. Gov. Timothy Murray, and MassHousing to bring the program to fruition. 'It's a partnership; we're right there with them, and we'll be making sure that our Realtors inform the people who this is aimed for, and that they know about the program,' Rogers said.
'The Tax Credit Loan will be of great benefit to homebuyers, Realtors and MassHousing-approved lenders, and we applaud the Patrick-Murray administration for its leadership in promoting affordable homeownership opportunities in Massachusetts,' said MassHousing Executive Director Thomas R. Gleason.
Mark Gracy
The Gracy Team
Your real estate resource in the Andovers, North Shore, Merrimack Valley and Southern New Hampshire
Preview 1000’s of homes available right now on-line at http://www.GracyTeam.com
(978) 984-3107
Email to: Mark@gracyteam.com "
The Gracy Team Keller Williams Realty Andover, MA Real Estate Resource
By Ian B. Murphy
Banker & Tradesman Staff Writer
Today
Gov. Deval Patrick has announced a loan program through MassHousing allowing first-time homebuyers to monetize and use an $8,000 federal tax credit as a funding source toward the closing costs of their new home.
The principal and interest payments for the loan will be deferred until June 1, 2010, to allow first-time homebuyers to pay back MassHousing with their federal tax credit. If loans aren't paid by the June deadline, they will be amortized for 10 years at the rate of their original mortgage.
Gary Rogers, president of the Massachusetts Association of Realtors (MAR), said not paying back the loan with money saved from the tax credit is still a decent option.'If that's what the homebuyer opts to do, that's still an excellent program; usually second mortgages have much higher rates,' Rogers told Banker & Tradesman.
The loans will be available only to homebuyers with MassHousing mortgages, through MassHousing-approved lenders. To be eligible, loan participants must use the home purchased through the program as their primary residence for at least three years, and must purchase a one, two, three or four-family home from a seller unrelated to the buyer by Nov. 30.
'These loans will both help prospective homebuyers achieve the comfort and stability of homeownership for their families, and also stimulate the commonwealth's economy through increased home sales, while reviving neighborhoods impacted by foreclosure,' Patrick said in a statement.
This is the first program of its type in Massachusetts, according to Rogers, but there have been other variations of the same theme in other states. MAR worked with Patrick, Lt. Gov. Timothy Murray, and MassHousing to bring the program to fruition. 'It's a partnership; we're right there with them, and we'll be making sure that our Realtors inform the people who this is aimed for, and that they know about the program,' Rogers said.
'The Tax Credit Loan will be of great benefit to homebuyers, Realtors and MassHousing-approved lenders, and we applaud the Patrick-Murray administration for its leadership in promoting affordable homeownership opportunities in Massachusetts,' said MassHousing Executive Director Thomas R. Gleason.
Mark Gracy
The Gracy Team
Your real estate resource in the Andovers, North Shore, Merrimack Valley and Southern New Hampshire
Preview 1000’s of homes available right now on-line at http://www.GracyTeam.com
(978) 984-3107
Email to: Mark@gracyteam.com "
The Gracy Team Keller Williams Realty Andover, MA Real Estate Resource
Thursday, July 23, 2009
An evening of song, dance and dinner in Andover, MA
An evening of entertainment and dinner too in Andover, MA
ACT presents: From Stage to Screen at the Indian Ridge Country Club Aug 13-14
for more information visit the ACT website, call the reservation line at (978) 289-4123 or email reservations@actandover.com
Wednesday, July 22, 2009
Monday, July 20, 2009
Lawrence MA real estate downpayment assistance program
Resources for Homebuyers Informational Session
The City of Lawrence Community Development Department is launching a new down payment assistance loan program to help eligible homebuyers with the purchase of a foreclosed and vacant property. As part of the Economic and Housing Recovery Act of 2008, the City of Lawrence has designed a homebuyer assistance model to include financial assistance in down payment, closing costs, up front private mortgage insurance and a buy down option to make the home affordable.
This is a great opportunity for your borrowers to receive a deeper subsidy in the purchase of their home. Please join us at our Resources for Homebuyers informational session offered on:
Wednesday, July 22, 2009
Heritage State Park
3rd Floor Community Room
1 Jackson St.
Lawrence, MA 01841
From 9:30 am to 11:30 am
Please RSVP via email to Caroline Reynolds at: creynolds@cityoflawrence.com or Call 978-620-3537
Mark Gracy - Your real estate resource in the Andovers, Merrimack Valley Massachusetts and Southern New Hampshire
The Gracy Team www.GracyTeam.com Keller Williams Realty
168 N Main Street Andover MA 01810
Main tel & fax (978) 984-3107
Wednesday, July 15, 2009
Patrick, MassHousing Monetize First-Time Homebuyer Credit
Patrick, MassHousing Monetize First-Time Homebuyer Credit
Gov. Deval Patrick has announced a loan program through MassHousing allowing first-time homebuyers to monetize and use an $8,000 federal tax credit as a funding source toward the closing costs of their new home.
The principal and interest payments for the loan will be deferred until June 1, 2010, to allow first-time homebuyers to pay back MassHousing with their federal tax credit. If loans aren't paid by the June deadline, they will be amortized for 10 years at the rate of their original mortgage.
Gary Rogers, president of the Massachusetts Association of Realtors (MAR), said not paying back the loan with money saved from the tax credit is still a decent option."If that's what the homebuyer opts to do, that's still an excellent program; usually second mortgages have much higher rates," Rogers told Banker & Tradesman.
The loans will be available only to homebuyers with MassHousing mortgages, through MassHousing-approved lenders. To be eligible, loan participants must use the home purchased through the program as their primary residence for at least three years, and must purchase a one, two, three or four-family home from a seller unrelated to the buyer by Nov. 30.
"These loans will both help prospective homebuyers achieve the comfort and stability of homeownership for their families, and also stimulate the commonwealth's economy through increased home sales, while reviving neighborhoods impacted by foreclosure," Patrick said in a statement.
This is the first program of its type in Massachusetts, according to Rogers, but there have been other variations of the same theme in other states. MAR worked with Patrick, Lt. Gov. Timothy Murray, and MassHousing to bring the program to fruition. "It's a partnership; we're right there with them, and we'll be making sure that our Realtors inform the people who this is aimed for, and that they know about the program," Rogers said.
"The Tax Credit Loan will be of great benefit to homebuyers, Realtors and MassHousing-approved lenders, and we applaud the Patrick-Murray administration for its leadership in promoting affordable homeownership opportunities in Massachusetts," said MassHousing Executive Director Thomas R. Gleason.
Mark Gracy
The Gracy Team
Your real estate resource in the Andovers, North Shore, Merrimack Valley and Southern New Hampshire
Preview 1000’s of homes available right now on-line at www.GracyTeam.com
(978) 984-3107
Email to: Mark@gracyteam.com
Article by By Ian B. Murphy
Banker & Tradesman Staff Writer
Today
Gov. Deval Patrick has announced a loan program through MassHousing allowing first-time homebuyers to monetize and use an $8,000 federal tax credit as a funding source toward the closing costs of their new home.
The principal and interest payments for the loan will be deferred until June 1, 2010, to allow first-time homebuyers to pay back MassHousing with their federal tax credit. If loans aren't paid by the June deadline, they will be amortized for 10 years at the rate of their original mortgage.
Gary Rogers, president of the Massachusetts Association of Realtors (MAR), said not paying back the loan with money saved from the tax credit is still a decent option."If that's what the homebuyer opts to do, that's still an excellent program; usually second mortgages have much higher rates," Rogers told Banker & Tradesman.
The loans will be available only to homebuyers with MassHousing mortgages, through MassHousing-approved lenders. To be eligible, loan participants must use the home purchased through the program as their primary residence for at least three years, and must purchase a one, two, three or four-family home from a seller unrelated to the buyer by Nov. 30.
"These loans will both help prospective homebuyers achieve the comfort and stability of homeownership for their families, and also stimulate the commonwealth's economy through increased home sales, while reviving neighborhoods impacted by foreclosure," Patrick said in a statement.
This is the first program of its type in Massachusetts, according to Rogers, but there have been other variations of the same theme in other states. MAR worked with Patrick, Lt. Gov. Timothy Murray, and MassHousing to bring the program to fruition. "It's a partnership; we're right there with them, and we'll be making sure that our Realtors inform the people who this is aimed for, and that they know about the program," Rogers said.
"The Tax Credit Loan will be of great benefit to homebuyers, Realtors and MassHousing-approved lenders, and we applaud the Patrick-Murray administration for its leadership in promoting affordable homeownership opportunities in Massachusetts," said MassHousing Executive Director Thomas R. Gleason.
Mark Gracy
The Gracy Team
Your real estate resource in the Andovers, North Shore, Merrimack Valley and Southern New Hampshire
Preview 1000’s of homes available right now on-line at www.GracyTeam.com
(978) 984-3107
Email to: Mark@gracyteam.com
Article by By Ian B. Murphy
Banker & Tradesman Staff Writer
Today
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