While We’re At It…Why Not Give You Cash to Incentivize New Home Buyers
May 2nd, 2008 Categories: Just for Fun, Keller Williams
Well if the rate cuts weren’t enough of an incentive to apply for a mortgage and buy a new house, maybe the latest rumor will: a $7,500 tax credit to first-time home buyers, along with a complete overhaul of the FHA.
With the current foreclosure rate up 112% since last year, legistlators are trying to figure out a way that the FHA can help borrowers soon to be in default; an estimated 1/2 to 2 million of them.
At some point, isn’t the government worried inflation’s going to kick in?? $600 here, $7,500 there….
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