Las Vegas Area First Time Home Buyers: How Far Will You Go For $8000?
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Two of my favorite mortgage bloggers wrote some great articles that I want First Time Buyers in our area to check out and weigh their options: Outsmart the Crowd: Skip the $8000 Tax Credit and Wait to Buy by Janet Guilbault And the rebuttal: So you think you outsmarted the crowd because you skipped the $8,000 first time homebuyers tax credit by Jeff Belonger Who do I feel is right? They both are to a degree. I feel there is a bit of a sense of urgency because we DON'T know nor can we predict where rates are going to be in December. We also don't know where underwriting guidelines are going to take us (Read Lenn Harley, one of my favorite AR Agents on FHA LOANS IN TROUBLE?) One thing that caused this mess is every time banks see a new foreclosure risk, guidelines for underwriting a mo...
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