Andrea Tlumacki was one of the “action takers”.  With the deadline of the $8000 First Time Home Buyer Tax Credit looming - it is important to have a game plan.  Many folks are focused on the Nov. 30th deadline.  Okay… but many are not “reverse-engineering” the calendar in order to determine milestones that one needs to meet if they wish to capitalize on the Tax Credit.  This can be done by employing the advice of seasoned real estate professionals - both a Realtor and a Certified Mortgage Planning Specialist.

Andrea Tlumacki did.  Expert real estate advice from Robert Brown of Prefer One Realty proved invaluable.  Not only was she able to secure an amazing interest rate of 4.500%, but she got stellar direction from Robert Brown’s corporate-world negotiating skills to get a surprisingly low purchase price.

We all know that the last week of November is Thanksgiving week, but there seems to be a disconnect regarding that fact and the banker’s hours of that week.  Banks will be closed 4 of the last 5 days of the month of November - hence making closing any of those days an impossibility.  In her interview with Andrea, Tracy Jacim points out that the time crunch is upon us and the time to postpone has past.

Many of us are familiar with Student Syndrome - where work seems to expand to the time allowed in which to complete it… well the “24-hours before the term paper is due” is here!  The need to:

• get approved for a mortgage,
• identify a home you wish to purchase, and
• go-under-contract

…has a time limit of about a week from the time of this post.  Sure, things can be closed a bit quicker, but as volume increases for the mortgage companies, the length of time it takes to actually close will be elongated.

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