President Obama Extends Homebuyer Tax Credit Deadline to September 30
Source: Informa Research Services
(07/02/2010) Today, President Barack Obama signed a 3-month extension allowing homeowners extra time to complete the necessary steps required to receive a tax credit of up to $8,000 for first time homebuyers and up to $6,500 for repeat homebuyers.
According to Reuters, this means “homebuyers with contracts signed by April 30 who failed to go to closing by the original June 30 deadline will now have until September 30 to complete their purchases.”
If you are one of the many homeowners searching for a low rate mortgage to finance your recent home purchase, one great resource to turn to is the Internet. Sites like ERATE.com provide their users easy-to-use rate comparison tables, which gather loan information from various lenders who service your area. These tables are updated multiple times an hour, so you can be confident the rates featured are current. Moreover, ERATE.com’s tables have functional columns which can be used to sort by various loan attributes, such as rate, APR, monthly payment, and fees.
Even for those who have not purchased a home recently, regularly checking these useful online rate tables is a great way to educate and familiarize yourself with mortgage rates currently available. Being aware of what rates are currently being offered can come in handy when you need to finance a property purchase.
