With all the chaos and confusion that the news has been reporting you may not feel that this is a good time to be buying a house.  The truth is that if your finances are in order, this is the perfect time to buy a home.  New homebuyers who qualify for the Federal  Housing Tax Credit and obtain the record low interest rates will save substantially.

The Tax Credit is being extended to first time homebuyers, defined as those who haven't owned a principal residence in the past three years.  This credit does not have to be repaid and is 10% of the price of the home up to $8,000.  Who in their right minds would throw away that kind of cash if they could buy a home right now?

Adding to your incentive are the low interest rates available to buyers.  Dependent upon your credit rating and down payment amount, some buyers are obtaining interest rates as low as 5% on a fixed rate mortgage.  The savings in your monthly mortgage payments are remarkable.  Many find that owning is less expensive than renting. Of course, it is also a buyer's market as people who made poor decisions in purchasing more home than they could afford are trying to get out from under their debt.  Inventory is high and sellers are eager to sell; it is the perfect combination.

This is the time to take a close look at buying a home.  Things couldn't be better if you are in the market to purchase.  Give Chandra Hall a call today and let her help you find the perfect home.

 www.ChandraHall.com

719-339-5137