Thursday, October 29, 2009

Senators agree to extend tax credit deadline!

Popular tax credit for first-time homebuyers extended and reduced credit to some repeat buyers is to be offered.

Originally the tax credit provided up to $8,000 to first-time homebuyers but was set to expire at the end of November.

As Regan Lachapelle, spokeswoman for Senate Majority Leader Harry Reid (D-Nev) said, senators agreed to extend the existing tax credit for first-time homebuyers while offering a reduced credit of up to $6,500 to repeat buyers who have owned their current homes for at least five years.

The tax credits would be available to homebuyers who sign sales agreements by the end of April and they would have until the end of June to close on their new homes.

More infomation at:

Thursday, October 1, 2009

Still have time to get that $8,000!

The deadline for the $8,000 tax credit is approaching us quickly must close on or before November 30,2009.

I just wanted to make you aware that banks are still turning files around quickly. Especially Monarch Bank... & more specifically Steven Byrd)

Example of one of his deals:

Application date of September 9, 2009

Underwriting approval with cleared to close on Thursday September 18th. Purchase is closing September 29th (but they could have closed as early as Monday September 21st.

Please let me know if I can assist in any way! The first step in buying a home is getting pre-approved for a loan.

If you'd like to get started contact Steven:

757-390-2214 (Office) or 757-613-2875 (Cell)

Once you are pre-approved we can go out and find you your dream home. Give me a call or check out my website if you have any questions.