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.
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