President Obama signed into law legislation extending and expanding the $8,000 first-time home buyer tax credit. This a victory for consumers and the housing industry.
Under the legislation, home buyers will qualify for the tax credit until April 30, 2010* (as long as they have entered a binding contract), and have an additional 2 months (until June 30, 2010*) to close the transaction. Borrower income limits have also been increased to $125,000 for individuals and $225,000 for couples (up from $75,000 and $150,000 respectively under the current program). The legislation also includes a tax credit not exceeding $6,500 for move up buyers who have owned their current homes for at least 5 years.
If you are considering a move and buying a new home, NOW is the time to act. Not only for first time buyers but for buyers wanting to downsize, or up size who have owned their homes for 5 years or more, you qualify for some credit as well!
Interest rates have been staying stable and are still at record lows!!! There are still no downpayment loans available thru VA or USDA loans. Contact us to see how you may qualify!
You probably know someone who has been hurt greatly by the economic times. The InSight Team's heart is to help point you towards the right product for your home financing. One that even with economic uncertainity, you can have peace.
Pleaes feel free to give us a call at 816-510-1399 or visit us at www.wantinsight.com
Michele "MAC". A Cole
Business Development
Jewel Callahan
Mortgage Consultant
www.wantinsight.com
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