I just got a great article from Cory Miller, our Mortgage Broker.  Anyone who is thinking about buying a home this year may want to read this.  It is very interesting. 

Basically, the tax credit and other incentives to buy will end after the first quarter of 2010.  This means that in the long run, you could actually be paying more for a home!

 Here is the link:  http://www.allaboutnews.com/vc.php?a=y&b=53&i=354&u=corym

Cash to Close. In the lending business it means having the available money in your account to pay for the required down payment and any closing costs you are responsible for. The funds needed for down payment and closing costs must be “Sourced and Seasoned”.