Those great deals and financial incentives you've been hearing about in the housing market are not going to be around forever.
According to USA Today's Sandra Block, mortgage interest rates are at a record low, and those rates aren't likely to last.
Block also writes that in order to take advantage of the $8,000 first-time home buyer's tax credit, which was part of the economic stimulus package, you must close on your new home by Dec. 1.
"That may seem like a long way away, but the wheels of real estate transactions grind slowly these days," Block writes.
It's important to note, though, that you won't receive the tax credit until after closing. For people like me who are concerned about making the down payment on a house, it's time to start researching loans. According to Block, "Some state housing finance agencies are offering bridge loans to home buyers who qualify for the credit."
Click here to visit the National Council of State Housing Agencies website and find out if your state falls under that umbrella. Happy house hunting!
To read the rest of this article, http://www.phillyburbs.com/information/guide_post/article/312/2009/august/26/thinking-of-buying-a-new-home-dont-put-it-off-any-longer.html
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