Tax credit to be extended and expanded…

During the current recession, real estate values have plummeted. In order to stimulate economic growth in the real estate sector, President Obama had signed a tax credit bill earlier this year in the amount of $8,000 for firstnew-home time home-owners. The deadline to claim the credit is November 30th. Well, now it is looking more and more like the tax credit is going to be extended to June of 2010. In addition, the bill will include more people- not just first-time home buyers. I think this is a good thing. We need to stimulate the economy so that businesses can hire more and people can spend more. You have to spend money in order to make it as they say. More importantly, if people have incentive to buy new homes, those in foreclosure or close to it can cut their losses more easily.

Buying a home in the first place can be difficult especially nowadays if your credit is bad.  While you may not be considering buying a home because of this reason, it doesn’t mean that because you cannot secure a mortgage that you cannot get any kind of loan.  Consider a car title loan.  With car title loans credit is not the concern.  Car title loan agencies and lenders do not do credit checks.  Here is a car title loan lender in Georgia that you can visit to learn more…

 

Comments are closed.