Real estate lender educates buyers - Tucson Local Media: Business

Real estate lender educates buyers

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Posted: Tuesday, August 19, 2008 11:00 pm

Long Mortgage is hosting a free public “webinar” Wednesday, Aug. 20, that examines mortgage lending changes resulting from legislation recently passed by Congress and signed into law by President Bush.

The event begins at 5:30 p.m. Wednesday.

Included in the bill is an estimated $15 billion in housing tax breaks.

“Most notable among them is an unprecedented first-time home buyer tax credit which may be repaid to the government interest-free over 15 years, or if the home is sold,” Long Mortgage president Reneé Booker said in a release. Eligible buyers must close on the sale of a home before June 30, 2009.

Booker will discuss recent changes to FHA financing, down payment assistance programs, a new tax credit for qualified first-time buyers, and other topics.

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