#1 Home Buyer Tax Credit!
The home buyer tax credit has been extended until April 30th, 2010, & expanded to include home owners as well as first time home buyers. First time home buyers can receive up to $8,000 tax credit and folks who already own can receive up to $6,500 if you buy before April 30th, 2010.
#2 Mortgage Rates Are Low, for a Limited Time!
With a decent credit score (620 or higher) and a steady job, you can get an FHA home loan with as little as 3.5% of the purchase price as a down payment. That down payment can be a gift from a non-profit or a relative. Rates can be as low as 5% fixed for 30 years for qualified buyers. The Federal Government has already announced that they will discontinue purchasing mortgage-backed securities, therefore we anticipate rates will rise.
#3 Home Prices are AMAZING!
There are a lot of properties to choose from as the inventory is high and prices are very competitive. Even if home prices continue to drop a little more in late 2010, it’s better to buy now while the loan rates are so attractive, and you can take advantage of the tax credits.
Prime Time Real Estate can help you decide if now might be the right time for you to buy a new home or condo, and we’ll help you get the best deal possible!
Call us for more information about the current housing market.
We look forward to working with you.
Sincerely,
Bret Clark
801-427-1638
