The Home Buyer tax credit has ended for new home buyers as of April 30 2010. Unless you are in the Military and served overseas the $8,000 credit is off the table for you. We feel even though you missed the deadline this is better time to buy your next home. The Savings today will far out weigh the $8,000 tax credit. The interest rates have decreased from 5.25% to 4.50 % on a 30 year mortgage. That is a monthly savings of $91.04 for each payment. The interest savings over the life of the loan is $32,771.80. We have seen more sellers aggressively reducing the price of their homes, in some cases over $30,000. The Real estate market is moving at a slower pace than before April 30th. The time for buying in NOW!! The savings are incredible. These conditions are not going to stay this way forever. You need to act today. Call us and we can sit down and to review what is best for you and your family
Tags: Augusta, Fort Gordon, Military Homebuyer Tax Credit Extension