1st Time Buyer Alert

Attention all first time home buyers! The deadline for closing a home purchase in time to qualify for the Federal Governments Tax Credit is fast approaching. As of today all loans must be closed by November 30,2009. The pipeline for closing these loans is becoming clogged and will soon be filled up. If you are waiting to buy a home you need to move quickly to find the right house and get an offer accepted. The length of time between contract and closing is 30 to 60 days depending on your loan type. I would venture to say that if you don't have a contract in process by mid October you will miss out on the tax credit. The government doesn't care if your loan closes one day or one week later than the 11/30 cut off date.When it's over - it's over! There has been some recent talk about whether or not the President will extend the tax credit option but I would not count on it until I see it signed. Get your realtor to work or call me and I'll get the ball rolling. TAX CREDITS DON'T COME AROUND VERY OFTEN, DON'T MISS OUT!