What is Happening in the Mortgage Market

First-Time Buyers should take advantage of the $7500 tax credit.

Many home buyers in the market for a home may be short on cash after making a down payment.  Paying for furniture and moving expenses can add up fast.  Thanks to newly enacted legislation providing a tax credit of as much as $7500 for first-time home buyers, that struggle just became a little easier.

But like so many of the good things in life, time is of the essence for buyers who want to take advantage of this outstanding opportunity. Only homes purchased on or after April 9, 2008 and before July 1, 2009 are eligible.

Here is a link to Frequently Asked Questions About the First-Time Home Buyer Tax Credit 

The National Association of Homebuilders but together a great site with lots of information.  Here is the web address,    http://www.federalhousingtaxcredit.com/index.html

Mortgage rates are incredibly low so this is a perfect time to buy a home, especially for first-time home buyers.  Happy House Hunting!

Call me for a free initial consultation or apply on line at www.MortgageProsUs.com   972-661-5136 or toll free 866-430-7767