It's hard to believe but December 1st may be upon us before we know it. The first time home buyer credit offered by the federal government to help stimulate the economy expires December 1st. I bet a lot of people think it's December 31st, so don't get left out. Besides closing by December 1st, the buyer must not have owned a home in the last 3 years and this must be the buyer's primary home. The national association of home builders has a web site with a lot of information.
There are some good reasons for not waiting for the last minute. One will be that the lenders may get swamped and the loan will take longer than normal. Normal these days is from 4 to 6 weeks. Another reason is current interest rates. If you have good credit, you can have a 30 year loan at 6% or lower - that can change very quickly.
Right now there are a lot of choices, don't let this opportunity pass you by.
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