First Time Home Buyer Tax Credit Extension – 2010 Tax Credit Coming to an End on April 30th, 2010
Posted on | April 22, 2010 | Comments Off
The first time home buyer tax credit extension has been an extremely popular topic but at this time it does not look as if the tax credit will be extended. Anything can happen over the next nine days but at this point the first time home buyer tax credit is set to expire on April 30th, 2010.
If you are a first time buyer looking to lock in on the $8000 tax credit then it would be wise to take action as soon as possible. With home prices very affordable, mortgage rates low and a tax credit available now is one of the best times to lock in on a new home. Before making any finals decisions it is extremely important to do your research.
There are many mortgage lenders that are currently offering low rates to well qualified borrowers. It is extremely important to understand that you will need a credit score above 740 and debt to equity ratio below 40% to have any opportunity to lock in to a mortgage interest rate near 5%. It would be wise to contact many lenders and find a very competitive interest rate for your financial situation.
Author: Heather Best