First time home buyers should really take a good look at all the advantages of buying a home at this time. With low interest rates and lots of homes in all price ranges to choose from, people who are on the fence or renting should really consider getting into the market.
This is the perfect time to move to a location that normally would be out of reach for your budget. The fact that you can now use the first time home buyer $8,000 tax credit as a down payment should make this an easy decision. Find out if you are qualified. Many people just assume they aren't and when they get into the process they find out that they to can be homeowners instead of paying their landlords mortgage.
Don't forget that if you haven't owned a home in the past three years you are considered a first time home buyer!
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