Mortgage Blog

According to Freddie Mac interim Chief Executive John A. Koskinen as told to reporters this last Friday in Washington DC.  He is advising people to buy with the interest rates being so low.  And with the housing prices being historically low there is an additional incentive to not forgo planned home purchases. 

And a BIG additional incentive is the First Time Home Buyers Tax Credit.  Recently revised in February 2009 the tax credit has new improved features such as the qualified tax credit has been increased to $8000.  Keep in mind the definition of a First Time Home Buyer is someone who has not owned a primary residence in the last 3 years!

What about refinancing?  There are a lot of current homeowners that can take advantage of the low rates to lower their monthly mortgage payment and save money! 

Whether thinking about buying a new home or refinancing it pays off to consult with a mortgage professional to see how you can really benefit from these tremendous opportunities.

Don't delay, act now to take advantage this market!