Buying Central Florida Real Estate Tomorrow?

Anyone considering: purchasing your 1st Home | Moving Up | Selling ...

Tomorrow is a big day as the $789 billion economic stimulus package goes to a vote ...

This time the "proposal to provide a $15,000 tax credit to homebuyers" was removed, however a major positive highlight is restoration of higher loan limits for Fannie Mae, Freddie Mac and FHA loan guarantee programs.

The $15,000 homebuyer tax credit was reduced to first-time homebuyers and raised from $7,500 to $8,000  a compromise between Republicans and Democrats.

This time around - the $8,000 will not have to be paid back however it is only available to first-time homebuyers - F-R-E-E MONEY ... where are you 1st Time Homebuyers!!!???

The smaller tax break (15k vs 8k) will cost us closer to $6.6 billion over 10 years, a savings of nearly $30 billion. (based on reports)

[will it be enough?]

Another major highlight is the reinstatement of the $729,750 loan limit for Fannie Mae, Freddie Mac and FHA loan guarantee programs.

This should help reduce inventory and improve liquidity in overall throughout the Central Florida Real Estate market.

The Obama Administration is working on rolling out a foreclosure prevention plan ...

One important goal of this program is to drive down mortgage rates. Rumor is into the 4% mark ...

As always The Lee Rosa Team is dedicated to provide the most up to date news to assist you ... the consumer ... in making the most educated life decisions.