first time homebuyers: Time is Running Out for the First Time Homebuyer's Tax Credit in Lake Havasu
- 09/07/09 04:09 AM
Time is running our for Lake Havasu first-time home buyers to take advantage of the First-Time Home Buyers Tax Credit. It is September already! This means you only have a few more weeks to locate a home and close escrow before the November 30, 2009 deadline. Don't Wait or You May Lose Out At this time, there is no extension to the tax credit, even if you are in escrow. Sometimes, delays occur and escrow extends the expected timeline. Loan processing may take a little longer than is expected or there may be some issue that would come up in escrow … (5 comments)
first time homebuyers: A Ray of Hope in Mortgage Rates
- 12/26/08 02:52 AM
Thanks to the Federal Reserve's effots to reduce inner-bank lending rates to almost 0%, mortgage rates have gone down from 5.5% for a 30-year fixed rate loan in early December to 5.2% and even, in some cases, into the high 4% range (the lowest rates in 50 years). Many banks, including Wells Fargo and Wachovia, cut their prime rates as well. This translated to a 3/4% drop in interest on home equity loans and credit cards through these banks (from 4% to 3 1/4%). What does this mean for the housing market? Well, according to experts, a 1% drop in mortgage rates can easily … (1 comments)
Time is running our for Lake Havasu first-time home buyers to take advantage of the First-Time Home Buyers Tax Credit. It is September already! This means you only have a few more weeks to locate a home and close escrow before the November 30, 2009 deadline.
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