Hi Neighbors.
I received a great article in a newsletter from a mortgage broker I work with - Chris Headrick. In it he states:
First-time homebuyers (FTHB) are taking advantage of one of the best real estate environments we have ever seen. Home affordability this year has been at an all time high with low interest rates and declining home prices. However, buyers on the fence should not be complacent.
The full article continues with great points about first time home buyer (FTHB) information. Included topics are:
- Why buy a home
- Financial reasons to buy
- Move in and watch it grow (appreciation and equity)
- The impact on your wallet - today
- Income tax credit
- Paying down points
- Mortgage interest tax deduction
- Private Mortgage Insurance (PMI)
- Real Estate Taxes
- Possibly more dough (not the bread)
And it sums up at:
If you or someone you know plans on purchasing a home in time to take advantage of the tax credit, there are some things to keep in mind. The last day to close to take advantage of the tax credit is Monday, November 30, 2009. Keep in mind, this follows Thanksgiving week. With the holiday offering a shortened work week for many, this will make closing at the end of the month more challenging.
You can read the full article here. Enjoy!
Jeff
Neighborly Realty
http://www.EnglePropertiesOnline.com
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