My entries focused on mortgage loan
One of the benefits to consumers is already known. Consumers purchasing a new home for the first time (whether they are paying cash or taking on mortgage loans) will receive an $8000 tax credit. A lot of financial experts think that the credit by itself will not incent enough potential home purchasers to buy now. A big hurdle for potential buyers currently is the more stringent standards lenders adopted for mortgage loans. Banks are requiring higher credit scores and cleaner credit histories to qualify for loans.