Mortgage Blog

This new law called the "Housing and Economic Recovery Act of 2008" is broad sweeping and contains a lot of parts aimed at the real estate industry.  One really exciting provision is the "Homebuyer Tax Credit"!  This provides a $7500 tax credit that would be available for any qualified purchase between April 9, 2008 and June 30, 2009. I could fill up a page or two with all the details so call me to get the specifics. 

I look at the current real estate market in 3 ways; one the Colorado inventory of homes and prices are offering great purchasing opportunities, two the lending market place is still offering a good variety of programs at competitive rates, and lastly the new Tax Credit does provide a compelling reason to act now instead of waiting.

If anyone wants to read the 700+ pages of HR 3221 I would be happy to forward a pdf :).