You know this is one of the best times ever to buy a home – prices are down, inventory is high, interest rates are still extremely low.Â There is even great incentives from lenders to buy.Â Below is some information on first time home buyer tax credit from a local mortgage agent Todd Fletcher.
There are amazing deals out there, you just need to get out and look.Â There are many bank owned properties and reduced properties.Â Builders are offering amazing deals, very little money down paid closings costs and other things.Â If I needed a house I would be hitting the streets.Â I have enjoyed personally pre-viewing some awesome houses out there.
Todd Fletcher is a Mortgage Advisor with Equity Lending Group. He helps buyers with financing, mortgage options, and any other financial questions. I have listed some information on the current tax credits and Todd’s contact information.
“First-Time Home Buyer Tax Credit at a Glance:
Â· The tax credit is available for first-time home buyers only.
Â· The maximum credit amount is $7,500.
Â· The credit is available for homes purchased on or after April 9, 2008 and before
July 1, 2009.
Â· Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualifyÂ Â Â Â Â for the full tax credit.
Â· The tax credit works like an interest-free loan and must be repaid over a 15-year period.
Also, Todd still has 100% financing available at great rates â€“ with no MI. ”
Todd H. Fletcher
Equity Lending Group