Posts Tagged ‘David Wolsky’

Looking For A Great Deal On A Foreclosure?

Sunday, February 7th, 2010

If you are in the market for a new house this spring, check out www.homepath.com. Home Path are Fannie Mae REO properties all over the country. The deal just got better. Fannie Mae is offering a 3.5% incentive for buyers who purchase and close on a Fannie Mae owned home between January 28 and April 30, 2010. The credit can be used towards closing costs, the purchase of new Whirlpool appliances by Fannie Mae or a mix of closing costs and appliances, at the buyer’s discretion, up to the maximum 3.5%. Combine that with a $8000 tax credit for first time buyers or a $6500 for qualifying repeat buyers who have owned a home for five out of the last eight years.

There is also special financing available for Fannie Mae owned homes. The benefits include:

  • Low down payments (3% for owner occupied and 10% for investment properties)
  • Qualify with less than perfect credit
  • Down payment (at least 3%) can be funded by your own saving, a gift or a qualified grant
  • No mortgage insurance
  • No appraisal fees

PHH Home Loans and Coldwell Banker Home Loans is an authorized Fannie Mae HomePath lender. Call David Wolsky at 520-275-2536 for more details! You can apply online on my website: http://davidwolsky.coldwellbankerhomeloans.com/

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Take Advantage Of The Tax Credit for Home Buyers Now!

Monday, January 25th, 2010

Check out this video:

There are only 14 weeks to get your new home into escrow for the homebuyer’s tax credit. Act now!! If you are a first time buyer, you can qualify for a tax credit up to $8,000. If you are a homeowner for the past five years, you might qualify for a $6,500 tax credit if you purchase a new primary residence. In either case, you must have your purchase contract dated by April 30th, 2010 and close of escrow must take place by June 30th, 2010. Members of the armed forces and federal diplomatic and intelligence personnel stationed overseas get and extra year to claim their credit.

Contact me, David Wolsky for more details… the direct line is 520-529-7515 or email me at david@davidwolsky.com.

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Senate Voted To Extend Tax Credit For Homebuyers

Thursday, November 5th, 2009

The Senate has voted last night (11/4) to extend and expand a popular tax credit for homebuyers that was scheduled to expire Nov. 30. The House is expected to schedule a quick vote on the bill as early as today 11/5 as part of a package that also extends unemployment benefits for people out of work more than a year. The White House indicated that the President will sign the legislation.

How the homebuyer tax credit would work:

  • Tax credit: Ten percent of the purchase price of a primary residence, up to a maximum of $8,000 for first-time homebuyers and $6,500 for repeat buyers who purchase between December 1, 2009 and May 1, 2010. First-time homebuyers are defined as people who have not owned a home in the previous three years. Repeat buyers must have owned their current home at least five years. The credit cannot be used for houses costing more than $800,000.
  • Deadline for qualifying: Purchase agreements must be signed by April 30, 2010, and closings must be final by June 30.
  • Military deadline: The deadline is extended by a year for members of the military who have served outside the U.S. for at least 90 days from Jan. 1, 2009, to May 1, 2010.
  • Income limits: Individuals with annual incomes up to $125,000 and joint filers with incomes up to $225,000 qualify for the full credit. Individuals with incomes up to $145,000 and joint filers with incomes up to $245,000 qualify for reduced credits.
  • How to apply: Taxpayers can claim the credit on their federal income tax returns. If the credit exceeds their tax bill, the government will issue a payment. Taxpayers who want immediate refunds can amend their tax returns for 2008 to claim the credit.
  • New anti-fraud limitations imposed.
  • Cost: $10.8 billion.

 Source: Bloomberg Press and Associated Press and confirmed information with the content of the Senate bill.

Call David Wolsky of PHH Home loans for further details. I can be reached at 520-275-2536.

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Coldwell Banker and PHH: A New Begining For David Wolsky

Sunday, June 28th, 2009

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I have joined Coldwell Banker Home Loans as a Mortgage Advisor last week! We are also known as PHH Home Loans. After completing a week of training at our Mt. Laurel, New Jersey headquarters, I was incredibly impressed by the depth of my training. It was great meeting the people who will be integral to my team, committed to always giving my clients the ultimate value in a timely fashion. Our mission statement is to treat customers like family.

Who are we?? Well, we are the fourth largest mortgage lender in the country! We are publicly traded under the ticker symbol of PHH. We are the largest “private label” mortgage company in the United States. We are the mortgage affiliate for Coldwell Banker, ERA and Century 21 real estate companies as well as the mortgage company for Merrill Lynch and Charles Schwab brokerage houses. Coldwell Banker Home Loans (PHH Home Loans) is a very stable company, thanks to a conservative and sensible approach to mortgage financing. For example, we did not offer sub-prime loans or option ARMs which helped to fuel the current financial woes. We are the only Top Ten mortgage company that is not associated with a traditional bank. I am excited about this opportunity to work with Coldwell Banker as well as the added value I can offer to my loyal clients who have worked with me and referred business to me over this past 15 years of my career as a mortgage consultant.

You can reach me, David Wolsky by calling 520.977.3300 or emailing david@davidwolsky.com. We are licensed in all 50 states.

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