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06 JulTax Credit Closing Date EXTENDED
It is finally official!! The closing date for all first time home buyers under contract prior to May 1, 2010 now have until September 30, 2010 to close. This was extended from the original closing deadline of June 30, 2010.
Last week there were some news alerts stating the tax credit had been extended but until the President signed off on HR 5623 it was not officially extended. Now that Obama has signed off on the bill, the extension is in effect.
Some believe this extends the tax credit to new buyers going under contract. This is not the case. All this extension does is extend the closing deadline of those buyers already under contract.
About the Author |
Scott & Marla Wynn
Scott & Marla Wynn are mortgage lenders with a focus on education. We believe an educated customer is our best customer. The mortgage industry has complicated the process of obtaining a mortgage so much that most customers believe the best way to select a mortgage lender is to inquire about rates and fees. Although rates and fees are an important part of the mortgage process, there are much more important areas to be concerned with. Lending A Hand was created to pass along our experience, knowledge and research to YOU to allow you to become a more educated mortgage customer. If you are planning a home purchase or refinance and live in the state of Colorado, we hope you select the Wynn Team as your mortgage lender!
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