You’ve either heard me say it before or read it – NOW is the time to buy a home… WHY??
- Tax. Credit. expires April 30, 2010 : for First Time Home Buyer = up to $8,000 and for Current Owner = up to $6,500!
- FHA guidelines are set to add .5% to the “upfront mortgage insurance premium” (ALREADY ISSUED) AND
- FHA will reduce the Seller’s ability to contribute up to 6% of your closing costs (reduces to 3%) starting this Summer.
CLICK NAR FHA changes coming 2010 to read more details about upcoming changes…