State Bond Money Available
· Rate 5.65%
· Down Payment Assistance-3.5%
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Ron Insana says now is the absolute best time to buy a home. His comments are for both buyers looking to buy their primary residences and investors looking to buy foreclosures. If you are near considering the purchase of a home, consider two facts. There is an incredible tax credit from the federal government and interest rates are near or below 5%. The new tax credit extends the First-Time Home Buyer Tax Credit of up to $8,000. As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation to continue tax credits for those ready to invest in residential real estate. Today, the U.S. House of Representatives voted by an overwhelming 403-12 margin to approve the Unemployment Compensation Extension Act (H.R. 3548) that included, as an amendment, the extension and expansion of the Homebuyer Tax Credit. If you want to take advantage of the $8,000 tax credit, don’t wait any longer. 6.11% 30 Year Mortgage for First Time Home Buyers I attended a seminar yesterday and got the reinforcement that this is a great time for first time home buyers. There is a new bond issue coming on August 25th. 6.11% interest rate on their 30 year loan. There is also the potential for 100% financing if [...] |
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