The U.S. Congress has approved a New $8000 Tax Credit for 1st Time Homebuyers. The new credit is 10% of the purchase price up to $8000. There is no "repayment provision" such as the previous Tax Credit that was passed in July 2008. Home purchases qualify from January 1st 2009 through December 1st 2009. Click the image above to see the details of the new bill versus the previous version.
This is great news for 1st time homebuyers! The fed is also finalizing plans to purchase significant volumes of mortgage-backed securities to drive mortgage rates to historic lows.
These conditions will not last forever. Experts predict that looming inflation is inevitable and that will drive mortgage rates higher. There is no better time to consider purchasing your new home.
Great selection of properties!
Mortage rates at historic lows!
Unprecedented prices and incentives!
Future value trends are excellent!
The window of opportunity is officially open - don't miss it! Please contact me to start your search today!
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