Watch the Fox 35 Video here. 
Andrea was one of the “doers”. With the deadline of the $8000 Tax Credit looming – it is vital to have a strategy. Most people are focused on the end of November deadline. Okay… but many are not building the calendarbackward in order to determine milestones that one needs to meet if they wish to benefit from the Credit. This is done by finding the advice of both a Realtor and a Certified Mortgage Planning Specialist.
Andrea Tlumacki did. Expert real estate advice from Robert Brown of Prefer 1 Real Estate proved priceless. Not only was she able to lock-in amazing low mortgage interest rate of 4.500%, but realized top notch direction from Robert Brown’s corporate-world experience to get a superb purchase price. In her interview with Andrea, Tracy Jacim points out time is running out and the time to delay is over.
Many of us are familiar with Student Syndrome – but the need to:
- get approved for a mortgage,
- identify a home you wish to purchase, and
- go-under-contract
…has a shelf life of about a week from the time of this post. Sure, things can be closed a bit quicker, but as volume ramps up in the weeks ahead, the length of time it takes to actually close will be expand.
In other words… it is important to engage in the Orlando Real Estate process quickly if you hope to benefit from the First-time Home Buyer Tax Credit before it expires.
Chris is Florida’s #1 FHA Mortgage Broker and a syndicated mortgage blogger. He is regular contributor to the three leading industry blog-fronts including The Mortgage Chili Blog, My FHA Mortgage Blog, Top of Mind Networks, and proudly the newest contributor to Lenderama.
Chris can be found at
Orlando FHA Loans,
Chris[at]OrlandoMortgagePro[dot]com,
or by calling 407.377.0500 x 210
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{ 3 comments… read them below or add one }
So true, you must start early or you will run out of time. No matter how well intended you might be.
- Doug San Jose Home Loans
I love the tax credit and have asked several friends and collegues to sign the petition to extend the credit with their local representatives. If you need the link to the petition please let me know.
Carl The Seattle First Time Home Buyer
The tax credit has certainly helped the real estate market (at least I know it has here in Phoenix). What's more is there are programs out there that allow the credit to be fast-forwarded, allowing people to actually apply the credit towards the very property they are purchasing. There will likely not be a deal like this for many years to come, so take advantage soon! As was rightly pointed out, consider the timeline to getting this all done by the time it expires.