Finance Blog

Stay financially savvy with the Equifax Advisor.

Sign up for our FREE Monthly Email Newsletter


Thank you for signing up for the FREE Equifax monthly newsletter

In addition to keeping in the financial know, you may be interested in checking your credit score and report.

Understand your credit. Help protect your identity.

Equifax Complete™ Premier Plan

  • Know What May Influence Your Credit Score and Be Alerted of Changes
    Credit score monitoring with custom alerts
    Important Disclosure: The Equifax credit score and 3-Bureau credit scores are based on an Equifax credit score model and are not the same scores used by 3rd parties to assess your creditworthiness.¹
  • Help Protect Your Identity
    Automatic fraud alerts encourages lenders to take extra steps to verify your identity²
  • Lock Your Credit
    The ability to lock and unlock your Equifax Credit Report³
Save 75% your first 30 days with the purchase of Equifax Complete™ Premier

$4.95 for the first 30 days, then $19.95 per month thereafter. You may cancel at any time; however, we do not provide partial month refunds.4

¹The credit scores provided under the offers described here use the Equifax Credit Score, which is a proprietary credit model developed by Equifax. The Equifax Credit Score and 3-Bureau scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. The Equifax Credit Score is intended for your own educational use. It is also commercially available to third parties along with numerous other credit scores and models in the marketplace. Please keep in mind third parties are likely to use a different score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income.

²The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.

³Equifax Credit Report Control™ is only available while you have a current subscription to Equifax Complete Premier. Locking your credit file with Equifax Credit Report Control will prevent access to your Equifax credit file by certain third parties, such as credit grantors or other companies and agencies. Credit Report Control will not prevent access to your credit file at any other credit reporting agency, and will not prevent access to your Equifax credit file by companies like Equifax Personal Solutions which provide you with access to your credit report or credit score or monitor your credit file; Federal, state and local government agencies; companies reviewing your application for employment; companies that have a current account or relationship with you, and collection agencies acting on behalf of those whom you owe; for fraud detection and prevention purposes; and companies that wish to make pre-approved offers of credit or insurance to you. To opt out of such pre-approved offers, visit www.optoutprescreen.com/.

4We will require you to provide your payment information when you sign up and we will immediately charge your card $4.95. After that, we will charge the card $19.95 for each month you continue your subscription. You may cancel at any time; however, we do not provide partial month refunds.

Equifax® is a registered trademark and Equifax Complete™ Premier is a trademark of Equifax, Inc. © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved.

No More Home Buyer Tax Credits: Is NOW a Good Time to Buy a Home?

Written by Ilyce Glink on May 14, 2010 in Real Estate  |   7 comments

The home buyer tax credits that pumped up existing and new home sales are gone. To take advantage of either the $8,000 first-time home buyer tax credit or the $6,500 long-term home owner tax credit, you must have signed a valid contract by April 30,…

Home buyer information- when to buyThe home buyer tax credits that pumped up existing and new home sales are gone. To take advantage of either the $8,000 first-time home buyer tax credit or the $6,500 long-term home owner tax credit, you must have signed a valid contract by April 30, 2010. You have until June 30, 2010, to close on the deal.

(The only exceptions are if you are a member of the U.S. armed forces, military intelligence, or foreign service on qualified extended duty or if you or your spouse has been deployed overseas for ninety days or more in 2008 and 2009. If that’s you, you’ll have an extra year to claim the tax credit.)

While more than a million Americans took advantage of the home buyer tax credit, millions more are finding at least two other reasons to buy a piece of real estate: super-low prices and mortgage interest rates that have hit a fifty-year low in 2010.

Does it make sense to buy a home even if you can’t get a home buyer tax credit? It might—especially if you can buy the right property at the right price and on the right terms.

The National Association of Realtors (NAR) recently downgraded its assessment of the housing market, believing that fewer homes will be sold in 2010 now that the home buyer tax credits have expired.

According to NAR chief economist Lawrence Yun, the only way the housing market recovery will be self-sustaining is if “the economy can add jobs at a respectable pace, and from a return of buyer demand as they see home values stabilizing.”

Assuming that job growth stays nominal for the remainder of this year but the number of foreclosures continues to rise, home values should continue to fall slightly. That means you can buy a home this year in many locations at an even more advantageous price than you could last year.

And with the turmoil in Europe, investors have fled back to the security of U.S. Treasuries, pushing down mortgage interest rates. If you buy this year, you’ll spend less to buy the property and even less to finance it, locking in at interest rates that are at nearly fifty-year lows.

But you can’t just scoop up a property willy-nilly and expect it to turn into a fabulous investment overnight.

Whether you’re buying a home to live in or to rent out, you must think strategically about what you’re buying, where you’re buying, and how you’re going to finance it.

Most important, think long-term: whatever you buy, plan to own it for the next five to seven years.

Ilyce Glink is a best-selling author, real estate columnist, and web series host. She is the managing editor of the Equifax Finance Blog and CEO of Think Glink Media. Follow her on Twitter: @Glink

Read More.
Will the Real Estate Summer Slowdown Mean Lower Prices?
Debt-to-Equity Ratios Rising: Unless you get FHA’s $100 Down Payment Incentive, You’ll Need a Bigger Down Payment
How to Find a Great Real Estate Agent

The information contained in this blog post is designed to generally educate and inform visitors to the Equifax Finance Blog. The blog posts do not give, and should not be assumed to provide, personalized tax, investment, real estate, legal, retirement, credit, personal financial, or other professional advice. Before making any financial decision, you should always consult with the appropriate professionals who can explain your options, rights, and legal responsibilities, and advise you on any tax, legal, credit, or business implications that may result from those decisions. The views and opinions expressed by the authors of blog posts are their own views and may not be the views or opinions of Equifax, Inc. and/or its affiliates.


  1. Ravi says:

    This is good advice for someone looking to buy a house in the near future.

  2. jenn says:

    Now is a great time to be a renter, too. I've seen lots of condos that couldn't sell being rented out for reasonable prices.

  3. Eva Rosenberg, EA says:

    While the Federal tax credit is gone, California has plunked $200 million into homebuyer credits. $100 million for buyers of brand new homes; another $100 million for first time homebuyers.

    When they offered half that much last year, the credits were grabbed up in about three months. Clearly, they boosted home sales.

    Any other state that wants to encourage home sales might want to consider doing the same thing.

    Remember, home purchases mean increased expenditures on related items, with job increases in the related fields – home contents, yard and landscaping improvements, insurances, higher property taxes.

    Just some stray thoughts…


    Your TaxMama

  4. Greg says:

    Speaking or property taxes, as home prices fall, property taxes should decline as well, right? What's the best way to determine whether or not your change in property taxes is reasonable based on local conditions (and protest your city/county raises your property taxes in a declining market (likely to close budget deficits?)

  5. Ilyce Glink says:


    You're right – as home prices fall, property taxes should fall as well. Only county tax assessors are usually working with property values that are two to three years old. In the next year or two, as reassessments take place, you should start to see property taxes fall.

    But watch out for this: State and local governments are also broke and need additional funds to balance their budgets. While your property taxes should fall in value, the tax rate might increase as local and state governments need more cash. So, you might wind up paying more, even though your property is worth substantially less.

    The only way to check on whether what you're being charged is reasonable is to look up what other houses that are similar in age and amenities to yours are being charged for property taxes. You might wish to hire a property tax attorney to help you file the appeal.

    Thanks for your comment.

  6. Ilyce Glink says:


    Thanks for those insightful "stray thoughts." They're extremely help – especially for those who live in California.


  7. Ilyce Glink says:

    @Ravi and @Jenn:

    Thanks for your comments.

Commenting guidelines

We welcome your interest and participation on this forum, but be aware that comments will be published at Equifax's sole discretion. Please don't use this blog to submit questions or concerns about your Equifax credit report or raise customer service issues. Instead, you should contact Equifax directly for all such matters and any attempts to do so in this forum will be promptly re-directed.

Some other factors to consider when commenting:
  1. Registration and privacy. While no registration is required to visit our forum, participants wishing to post a message must register by creating an account. All personal information provided by forum members incident to registration is governed by our Terms of Use and Privacy Policy.
  2. All comments are anonymous. We'll delete your name, e-mail address, and any other identifying information, including details about your investments.
  3. We can't post or respond to every comment - As much as we'd like to, we can't post every comment, nor can we guarantee that we will respond to each individual message. All questions or comments about your Equifax credit report or similar customer service issues should be handled by contacting Equifax directly.
  4. Don't offer specific legal, tax or financial advice. All of the materials on this Site are for information, education, and noncommercial purposes only and this forum is not intended as a means of expressing views or ideas regarding any specific legal, tax, or investment advice. While offering general rules of thumb is both permitted and encouraged, recommending specific ideas or strategies regarding investments, taxes, and related matters is prohibited.
  5. Credit Repair. This blog is not intended as a venue for the discussion or exchange of ideas regarding credit repair or other strategies intended to assist visitors and community members improve or otherwise modify their credit histories, ratings or scores.
  6. Stay on topic. Your comment should be concise and pertain to the specific post in question.
  7. Be respectful of the community. The use of profanity, offensive language, spam, and personal attacks will not be tolerated and egregious or repeat offenders will be banned from future participation. We encourage disagreement and healthy debate, but please refrain from personal attacks on our WordPresss and contributors.
  8. Finally: Participation in this forum may be terminated by Equifax immediately and without notice for failure to comply with any guidelines or Terms of Use. As such, you should familiarize yourself with all pertinent requirements prior to submitting any response through the blog or otherwise. All opinions expressed in this forum are solely those of the individual submitting the comment, and don't necessarily represent the views of Equifax or its management.

Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.

Real Estate Archive