Thursday, December 17, 2009

HOMEBUYER TAX CREDITS: $8,000 OR $6,500

DON'T WAIT TILL 4/30 TO GET YOUR OFFER ACCEPTED! The Homebuyer tax credit, part of the stimulous package, was extended and MODIFIED. It extended the possible $8,000 tax credit to people who have not owned a home in the past 3 years. It also expanded and repeat buyers who have occupied a principal residence for 5 consequtive years out of the last 8 years may qulaify for $6,500 if they buy a home to occupy. Offers to purchase must be accepted by 4/30/2010 and the loan can close no later than 6/30/2010. With the changes in the mortgage industry, don't put it off - find that house now. We used to close loans in a couple days, now it takes a couple months. That doesn't mean it can't close in a few weeks, but MURPHY'S LAW is running rampant. Plan on 2 months! Call me 608-498-1959 to start your loan application today!

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