Posted by: Roby Robertson | November 4, 2009

Lake Norman – First Time Home Buyer Extension Update

The first time home buyer tax credit extension and expansion is ALMOST done!

 Lawmakers in the Senate moved closer to signing the bill by voting 85-2; this would extend the home buyer tax credit until April 2010 rather than November 30th, 2009.

The new plan will extend the current $8000 tax credit for new home buyers through April 30th and will also offer a $6500 tax credit for move up buyers who have been in their current residence for over five years.

Read the entire article here!

It is still a great market to buy a Lake Norman area home.  If you are thinking about it, please do not wait.  Experts are also saying that interest rates will begin to rise in 2010.  You don’t want to lose the benefits of the tax  credit by paying a much higher interest rate!

Contact you Lake Norman Agent to get a list of homes that fit your criteria.


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