Two Closings and a Rental

As the end of March nears I'm proud to announce that this month I helped two individuals find their first homes. Congrats guys and enjoy that $8,000! I also got to help a very sweet couple find a rental for a year. :) I can help you too! Remember it's not too late to get pre-approved and get into your first home. As long as you have a ratified contract by April 30th and the home closes by June 30th you can receive the $8,000 tax credit. If you aren't a first time home owner you can still get money back, (up to $6,500), if you've owned your home for at least five consecutive years of the eight years prior to the purchase date.

So give me a call or fill out my contact form if you have any questions or want to get pre-approved.

Did you know that you can use the tax credit as down payment???

What does that mean?

It means that HUD allows buyers using FHA-insured mortgages to apply their anticipated tax credit toward their home purchase immediately rather than waiting until they file their 2009 or 2010 income taxes to receive a refund. These funds may be used for certain downpayment and closing cost expenses.

More information here.

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: http://www.msnbc.msn.com/id/33522046/ns/business-real_estate/