Housing Law - Housing and Mortgage Relief?
It’s no secret that President Bush signed a $300 billion housing bill into law last week. In addition to helping cash-strapped homeowners avoid foreclosure, the law aims to help first-time home buyers to jump start their search in a tough economy.
So if you’re house hunting on Fizber.com, the law can mean a BIG benefit. To boil it down to the basics: first-time home buyers get up to $7,500 tax credit. This basically means you get a 0% loan for 15 years if you buy a home between April 9, 2008 and July 1, 2009.
The new law helps keep the two giant mortgage finance companies Fannie Mae and Freddie Mac afloat, but also gives the government greater control over them. At Fizber, we believe the moves made by Washington will help home buyers.
Rate this post
(No Ratings Yet)
Loading ...
Housing Law - Housing and Mortgage Relief?…
It’s no secret that President Bush signed a $300 billion housing bill into law last week. In addition to helping cash-strapped homeowners avoid foreclosure, the law aims to help first-time home buyers to jump start their search in a tough economy….
Housing Law - Housing and Mortgage Relief?…
It’s no secret that President Bush signed a $300 billion housing bill into law last week. In addition to helping cash-strapped homeowners avoid foreclosure, the law aims to help first-time home buyers to jump start their search in a tough economy….
[...] the law aims to help first-time home buyers to jump start their search in a tough economy.http://fsbo.fizber.com/2008/08/08/housing-law-housing-and-mortgage-relief/Read “Wondering how random people keep getting added to my AIM buddy list. I don’t know you?!” at [...]