Tax Credit Expires

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Mortgage and Lending with Franklin American Mortgage - NMLS ID # 158383 158383

As most of you know the deadline to have a property under contract to be eligible for the the up to 8,000.00 tax credit was April 30th.  Now that is has expired, I have received several inquires as to what is going to come next.  As of right now it is all speculation.  I would imagine the government would do something similar to try to keep the real estate market and economy on the path to recovery.  As of right now nothing official yet.  I will post another blog when we find out for sure.  Luckily we are still in a really great time to buy a home.  Home prices are still low and the interest rates on home continue to be really good.  I anticipate a busy summer even with the tax credit expiring

If you have any questions feel free to contact me at any time

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Rainer
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Joshua Duda

Mortgage Banker
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