{ July 20th, 2009 }
First Time Homebuyers and Mortgages
We’ve rounded second and are halfway home, so far as the Federal First Time Homebuyer Tax Credit is concerned. First time homebuyers must purchase their principal residence by December 1, 2009- which means that many are now hopping off the fence and making a decision about their next move.
The most confusing aspect of the home purchase for many first time home buyers is the mortgage process. It’s a complicated process for someone who is accustomed to a simple credit check followed by a series of rent payments. So, if you- or anyone you know- is considering a joining the glorious party known as home ownership, check out this article from MSN- 8 Big Mortgage Mistakes and How To Avoid Them.
