Home Mortgage Loan Rates – First Time Home Buyers Tax Credit Looming
Posted on | September 24, 2009 | No Comments
Home Mortgage loan rates continue to stay below 5%. This makes it very attractive for first time home buyers who want to take advantage of the tax credit. The issue at hand with the first home buyers tax credit is that the complete home transaction must be completed by November 30th. If you have not already started the home purchase process then it is highly unlikely you can get the entire transaction done by the deadline.
With home mortgage loan rates staying under 5% for the time being now is as good of a time as ever to buy to buy your first home. If you want to take advantage of the first time home buyers tax credit then you are going to have to greatly speed up the process. If you start the home buying process today you would be cutting it very close to closing on your house by the deadline.
There is a possibility that there is going to be an extension of this tax credit but it has yet to be confirmed. There are several government officials who want the tax credit extended for six months and there is a strong possibility that this is going to happen. Continue to check back in with Subprime Blogger as we will keep you updated on the status of this extension.
There are many mortgage lenders who continue to advertise mortgage rates under 5% so it is your responsibility to contact these lenders and take the necessary steps to lock in at these low rates. Most of these lenders are easily accessible as they are doing whatever it takes to get your business. The mortgage lending industry has taken it on the chin for quite some time so they are doing what it takes to become profitable.
With mortgage rates low and the possibility of the first time home buyers tax credit being extended now is the time to lock in at a low home mortgage loan rate. The government has worked very hard to keep rates low so do not let this opportunity pass you by. There are many resources available online to help you through this process so please make sure to use them. The easiest way to access these research is through a few quick Google searches or Subprime Blogger
Please make sure to return to Subprime Blogger for all your mortgage and financial news. To stay up to date on the current state of finances make sure to bookmark the current news category below. We offer information on everything from getting a lower mortgage rate to increasing your credit score.
Author: Mike Garner
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