Arcus Lending and Shashank Shekhar get featured on Yahoo! News

Arcus Lending and Shashank Shekhar were both featured on Yahoo! News on Friday June 3, 2011 on an article about low Mortgage Rates in California. The article mentioned that Arcus Lending consistently quotes its clients Mortgage Rates lower than Freddie Mac reported rates. It also refers to a post written by Shashank which explains the reason behind falling mortgage rates. The same article was also carried by SF Gate.com an online version of San Francisco Chronicle. Here is the full post from Yahoo! News.continue reading →

$10,000 California State HomeBuyer Credit

A recently passed law established a personal income tax credit for purchasers of a qualifying principal residence. The tax credit is capped at the lesser of $10,000 or 5 percent of the purchase price for the purchase of a principal residence that has never been occupied made between March 1, 2009 and March 1, 2010. The credit will be provided in equal amounts ($3,333 for the $10,000 credit) over the three successive taxable years beginning with the year in which the purchase is made. Qualifying residences must never have been occupied and must be eligible after purchase, for the Homeowner's Property Tax Exemption. The taxpayer must live in the home as their principal residence for at least two years or be subject to payback for any tax credits received. (more…)

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