For those of you still planning on taking advantage of the $8000 tax credit for purchasing a new home in Shawnee, Lee’s Summit, Overland Park, and the rest of the Kansas City Metro time is running out. Don’t count on the tax credit getting extended. There is some opposition against extending it. In order to get closed in time you will need to be contracted within the next 1 – 2 weeks. Most large lending institutions have already cut people off. At Pulaski Bank we have a commitment to our clients to get it done if at all possible. Remember that the deadline for closing is November 30th. However, you need to take into account a couple of items. First is that the bill actually reads that the Deed or Mortgage has to be recorded by November 30th as well. Whether the IRS will check this or not I don’t know, but you sure don’t want to risk it. The other item to consider is that November 30th falls on the Monday after Thanksgiving. So you really need to be closed by November 25th to be assured that you make the deadline. If you are out searching for a lender and a mortgage planner that will get you the best rates and the lowest costs, as well as, get you closed in time to get the $8000 tax credit look no further. Call Curtis Schartz, Certified Mortgage Planner at Pulaski Bank today to get your pre-approval.



Interest rates for Johnson County, Jackson County and the surrounding Kansas City metro area are improving today. Mortgage Backed Securities have been fighting a tough triple layer of resistance the last couple of days. If they are able to break through the resistance we could see lower rates in the near future. If Mortgage Backed Securities are turned away once again from this tough layer of resistance we will see rates go up again. September is notorious for being a poor month for the stock market. If the market continues to falter like it is right now we could see a convincing break above the current resistance and see lower interest rates. The door usually doesn’t stay open very long when the opportunity arises to lock in for a low interest rate. The best strategy at this point is to have everything ready to go and lock in at the first sign that the market starts to turn for the worst. Call Curtis Schartz at Pulaski Bank Home Loans to get your Mortgage Plan in place so you are prepared to save the most amount of money on a No Cost Refinance.

Your Certified Mortgage Planner for Life – Curtis Schartz