Kathy Harrison

    “Affordable Advantage Program”

How great to be able to put less down AND save a little on your house payment.
Here are the important facts about the program.

•    You need at least $1000 of your own money into the deal, no gifts
•    No down payment required
•    Minimum of a 680 credit score
•    No Mortgage insurance
•    Single family one unit home, town home or condo
•    Maximum seller paids 3% of the sale price
•    Maximum household income for up to 4 people, $84,000
•    Must be a first time buyer and must attend the Homestretch class

The MN Affordable Advantage program is available now and hopefully it will give you a huge incentive to take advantage of the great home prices!  Contact us for more information about this and other programs that are available.

$8,000 Tax Credit Extension For Military Serving Outside The U.S.

The IRS states:  Members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2011. If a binding contract is entered into by that date, the taxpayer has until June 30, 2011, to close on the purchase. Members of the uniformed services, members of the Foreign Service and employees of the intelligence community are eligible for this special rule. It applies to any individual (and, if married, the individual’s spouse) who serves on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after Dec. 31, 2008, and ending before May 1, 2010.

The Harrison Mortgage Team is proud to announce it's new website.  On this site, you can find out how the Mortgage process works, see the latest news in the industry, and even apply online.

Log in and check it out today.