Lowest interest rates in decades… STOP renting, START owning!

Posted on March 28, 2009. Filed under: First Time Buyer help |

 

As of Friday, March 27, 30 year fixed loans are at 4.5%. This is the lowest rate in over 40 years!

Home sales in Orange County are up almost 49% this year, while home prices are are down for the 18thconsecutive month.

Here are the facts:

  • California lawmakers approved a new budget that includes a $10,000 tax credit for home buyers, the largest home buyer incentive EVER offered in in U.S. History. This incentive is offered between March 1, 2009- March 1, 2010.

  • This tax credit is not limited to first time home buyers and you DO NOT have to pay it back as long as you stay in your home for 3 years!

  • This California credit CAN be used with the $8,000 first-time home buyers credit made available by the Stimulus Plan.

  • This means, IF you are a first-time home buyer in California, and you purchase a home that is over $200,000, you’ll get $18,000 in tax credits if you stay in your home for 3 years.

  • If you take advantage of FHA Financing, you can put as little as 3% down on your new home. That could equal a few months of rent, and at the end of the year, you will have a tax credit!

 

OWN YOUR OWN HOME NOW!   Take advantage of LOW interest rates, lucrative tax incentives, many financing options and low down payment options!

Also,  your home = your decisions! Create your dream garden, paint in bold bright colors, decorate any way you wish!

Did you know only 1% of lenders are actually Certified Mortgage Planners? Contact one of the best! Derek Beisner provided us with the above information and is a WeeksTeam client favorite!

 

We at the WeeksTeam are here for you and will customize a home search to fit your criteria. Let’s work together to make your housing dreams a reality!

 

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    Orange County, CA Real Estate for hip first-time buyers and investors. Plus, fun things to know and do in OC.

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