Its About Time Mortgage News Tax Credit Incentives for Buyers

by Diane Gomez
(Miami, Florida)

Regarding Its About Time Mortgage News Tax Credit Incentives for Buyers: Tax credit incentives for buyers? It's about time! The mortgage news regarding the crash of the housing market has affected everyone. Lenders, owners, prospective buyers, Realtors, brokers, title agencies, attorneys, underwriters; the list goes on and on.


It's time our legislature take some steps to help diffuse what could be an explosive situation. One easy way is through tax incentives.

However small, any assistance will help alleviate the pressure. In spite of being able to deduct interest payments and some closing fees, an additional tax incentive will excite prospective homeowners and might even sway them in their decision to purchase property.

As the foreclosure rate rises, banks will also need to sell properties quickly or face enormous losses. If Congress passes some kind of tax credit package, lenders will be quick to jump on the bandwagon and add their own incentives in order to sell off before any major losses occur.

Hopefully, these will help the real estate market come back to life.

Kate Answers: Its About Time Mortgage News Tax Credit Incentives for Buyers

Dear Diane, Thanks for your great mortgage news on tax incentives for home buyers becoming a solution to the current mortgage crisis.

Best Wishes,


P.S. Go to my Best Mortgage Rate Blog, an entertaining source of mortgage information. Subscribe now to the RSS feed.


Return from Its About Time Mortgage News Tax Credit Incentives For Buyers to Get Your Best Mortgage Rate

Click here to add a comment.

You can also ask Kate about your mortgage at The Ultimate In Mortgage News.

Recent Articles

  1. Lock Mortgage Rates - How To Avoid Hidden Fees

    Aug 06, 18 11:58 AM

    If you lock mortgage rates over the phone, how do you protect against excessive points and hidden closing costs? Learn what to do when your lock is threatened.

    Read More

  2. Finding Low Down Payment Mortgage Financing

    Aug 06, 18 11:53 AM

    Getting a low down payment mortgage: Learn the first two steps to financing niche properties in resort areas. Tip: It's not about timing the real estate market!

    Read More

  3. Ten Best Kept Secrets to Low Mortgage Payments

    Aug 06, 18 11:45 AM

    Ask Kate's secrets to low mortgage payments help homeowners understand industry lingo related to refinancing. Learn how to get your best mortgage rate!

    Read More