A Good Time for First-Time Home Buyers

lenders.wp — Sun, 03 Jan 2010 02:04:17 +0000

The Worker, Homeownership, and Business Assistance Act of 2009, signed into law on November 6, 2009, extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. The tax credit will apply to sales until April 30, 2010, which makes it an advantageous time to buy for first-time home buyers. In cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will also qualify.

If you were planning to buy a home by the end of the year, it may be a good idea to accelerate the process and make your purchase in early 2010 to benefit from the tax credit. We encourage the Lenders.com community to discuss the tax credit and how it will benefit you with an accountant.

And don’t feel left out if you have already purchased a home in the past. The same act authorized a tax credit of up to $6,500 for qualified repeat home buyers.

To learn more about the legislation, read the article on the IRS’ web site.

Welcome to the Lenders.com Blog

lenders.wp — Fri, 01 Jan 2010 18:00:04 +0000

A new logo, a new web site, and a new blog to the start the new year at Lenders.com. We want to officially welcome everyone to Lenders.com’s blog.

Our goal is to give you an inside look on how the people at Lenders.com work to help connect you with leading lenders offering the best rates. We will cover a wide range of topics, including innovations in the financial industry, current events and news which may have an impact on you, and the things Lenders.com is doing behind the scenes for you.

We look forward to the year to come and your feedback as we continue to revolutionize the lending industry.