Hal's Mortgage Blog

Oct 28, 2009 – The present plan is set to expire November 30, 2009. The extension breaks down like this:

· First Time Home Buyers will have until the end of April to sign a sales agreement and close by the end of June to get the $8,000 credit.

· Homebuyers who have owned their present home for at least five years will qualify for a $6,500 credit under the same time frame guidelines as stated above.

This is not totally unexpected – we knew something would be passed despite recent discovery of fraudulent claims. OK buyers, it’s time to play beat the clock again.