UPDATE REGARDING Homebuyer Tax Credit
The Housing and Economic Recovery Act created a tax credit for first-time homebuyers, which Congress has since expanded to its current level of $8,000. The credit is helping to stabilize residential real estate values and encourage home purchases. Although it was set to expire on November 30, I am happy to report that Congress extended the Homebuyer Tax Credit thought April 30, 2010. Under the law, the $8,000 credit will continue to apply to qualifying first-time buyers, allowing those under a binding contract an additional 60 days to close after that date. In addition, a new credit of up to $6,500 is now available to buyers who have lived in their current residence for five or more consecutive years out of the last eight.
You might be a bit afraid or intimidated by the whole process of buying your first home. As a Sherman Oaks, Studio City, Enino, Tarzana, Woodland Hills, West Hills, Calabasas and surrounding area real estate expert, it's my job to guide you, from beginning to end.
I will take the time to go through each and every step of the buying process. There are no dumb questions!
Together, we will consider:
- How much can you really afford?
- How to qualify for a mortgage.
- How much cash you should put down.
- How to buy a home with little or nothing down.
- What it takes to get approved for financing. What banks and other financial institutions are looking for.
- How much your payments will be.
- The tax advantages of buying.
- Is renting or buying better for you?
Tell me a bit about your situation below. I'll get right back to you. There is absolutely no charge, and I offer this to you with no strings attached.
- NUMBER1EXPERT 
