Tax Credit Ends-So Now What?

Filed under: Interest rates, Mortgage Banker, Mortgage News, Mortgage loans, first time homebuyers, tax credit — Tags: FHA, Housing Price Index, Interest rates, Mortgage Banker, Mortgage News, tax credit — admin @ 11:16 pm

The tax credit deadline has come and gone. You still haven’t purchased a home. Did you miss a window of opportunity? Interest rates have not yet increased as many experts thought they would. Rates are as low or lower than in early 2009. Home prices have stabilized. These historically low interest rates and home price values will not last forever. Failure to take advantage of this combination will likely prove far more costly than missing out on a tax credit. So, if you ended your search based on the tax credit expiration, you might want to reconsider. We think that we’ll look back on 2010 as one of the ultimate home buying opportunities in history. Call your CFS Mortgage Corporation loan officer today and get prequalified. It’s easy and its free! And, if you thought it was too late to refinance your current mortgage, let us evaluate that for you!

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Extension of Tax Credit for First Time Homebuyers

Filed under: Mortgage loans, first time homebuyers, tax credit — Tags: first time homebuyer, tax credit — admin @ 3:18 am

From Bloomberg:

U.S. Senate leaders moved closer to agreement to replace an expiring $8,000 tax credit for first- time homebuyerswith a smaller one that expands access to more borrowers, two people familiar with matter said. The deal would reduce the size of the tax credit to 10 percent of the sale’s price, capped at $7,290. The credit would be available on home purchases that are under contract by April 30. Borrowers would have 60 days more to close the sale.

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June 9, 2010

Tax Credit Ends-So Now What?

October 28, 2009

Extension of Tax Credit for First Time Homebuyers