Hojin’s Southwest Orlando Real Estate Scoop

I noticed this post on the Bloodhound Blog yesterday, HR 2801: Will Home Ownership Move the Economy? about the new bill in congress to extend the home buyer tax credit. It’s up for vote in the House and will also require approval from the Senate but it’s a fantastic bill.

It removes the income limitation on the current home buyer tax credit and it raises the credit from $8,000 to $7,500 for 2 years or $15 grand which sounds even better.

If this bill passes, you’d have to be a idiot to rent instead of owning a home provided you can qualify for a loan with the more stringent lending requirements imposed by the lenders in this current climate.

Let’s all hope it passes.

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