Homebuyers across the country get ready (maybe with a larger downpayment)http://realestate.msn.com/5-reasons-to-save-for-a-big-down-payment?GT1=35010’%20rel=’nofollow or find some programs that will assist you with the downpayment and/or pay the closing cost for you. The advise from lawmakers is to ACT SOON! if you want to take advantage of what is in place now. The debt ceiling deal may end some of what is in place now. Click the link to read the full article. The bottomline is you must know what you want now and take action. If you’re not sure, get some assistance from maybe a real estate agent that you know, like and trust or someone else you feel has more knowledge than you do. But make a decision and take action.
…”Lawmakers have been debating a simpler tax system with lower tax rates and fewer tax breaks that could include reducing the generous mortgage tax deduction as part of the long-term spending cuts that must be agreed on this fall, says Brian Gardner, senior vice president at Keefe, Bruyette & Woods. The takeaway for prospective homebuyers: Act soon” (Emphasis added).