It’s a new year and with that new and better opportunities for a First-Time Home Buyer to take advantage of. So if you are considering being a First-Time Home Buyer in 2009 here are 10 things to consider that might give you an extra push to becoming a First-Time Home Buyer in 2009.
So what are the Top 10 reasons why you should be a First-Time Home Buyer in 2009
10) You can kiss your land lord goodbye!
9) As a First-Time Home Buyer you can take advantage of the many Foreclosures, HUD Homes, Handy Man Specials, Estate Sale, or Short Sales.
8) Numerous Financing options for First-Time Home Buyers
7) Seller Incentives are plentiful for First-Time Home Buyers
6) Your Interest, PMI, & Property Tax are all income tax right offs as a First-Time Home Buyer
5) First-Time Home Buyer Opportunities are at an all time high
4) Interest rates are at an all time low which will benefit you as a First-Time Home Buyer
3) $7500 First-Time Home Buyer Income Tax credit expires June 30th
2) $7500 First-Time Home Buyer Income tax credit
And the #1 reason Why You Should Be A First-Time Home Buyer in 2009,
1) You are investing in yourself!
So if you are thinking that this should be your year to becoming a First-Time Home Buyer, E-mail me and lets set up an appointment so you can learn how you can become a First-Time Home Buyer today!
Gina Bombin, First-Time Home Buyer Expert
So we are so excited about the feds possibly lowering interest rates again, well here is the other side of the story that we don’t see.
Posted by: Scott Swinford, Mortgage Planner & Credit Expert In: Real Estate Finance| credit| refinance
It seems that almost everyone is getting excited about the Fed cutting the Funds rate. “That must make money cheaper to borrow, so interest rates will go down”, they seem to be saying.
In fact, rates on 30 year fixed mortgages are as low as I have every seen them.
“This must be a positive sign?” or “This will surely stimulate the stagnant real estate market which many seen to blame for this mess!”
Not so fast…
Enter our enemy “Deflation”.
See, we are used to financing things and feeling fairly secure that the dollars we pay them back with will be less valuable later on. For instance, a $300 mortgage payment was a lot in 1960, but seemed very small when you made that last payment in 1990.
What if prices declined and the dollar was now worth more? People would hold off making purchases thinking the products would be cheaper… sort of like waiting to refinance until the rates drop a “little more”. This could potentially cause orders of goods to decrease, factories to shut down, unemployment to increase and ……. read the rest of the story
Gina Bombin, Wheatfield, Indiana Real Estate, Jasper County Real Estate, NWI Real Estate
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