Home Buyer’s Holiday Wish List Can Come True in Phoenix, AZ
This year is an excellent time to buy a home in the Phoenix Metro area.
1.) It’s a buyers market-especially in Arizona.
2.) There are plenty of good values to be found, especially in the outlying areas of Avondale, Buckeye, Laveen, Surprise, Anthem & Wickenburg.
3.) Credit challenged buyers can still obtain 100% financing and no out of pocket closing costs
4.) The fixed 30 year interest rates are 5.875% a two year low
5.) Mortgage insurance is now “tax deductible” (Always inquire with your tax professional)
6.) Down payment assistance programs are still available until March 2008
7.) FHA government loans have loosened their underwriting requirements making home purchases more obtainable.
8.) Interest rates may drop another .25% before the end of the year
9.) New IRS Pub 17 now allows buyers on the day of closing to start claiming tax deductions & closing costs even if the seller paid them (again-see tax professional)
Make it a great day!
