Home loan, where to start
Buyers must have enough money for the required down payment on mortgage loans, regardless of a tax credit. Still, other economic experts think any incentive will give a boost to the real estate market. A tax credit will surely encourage some qualified buyers to purchase homes and, in many cases, take on mortgage loans. And any forward movement will be an improvement for the housing market. A major factor dragging down the housing sector has been mortgage foreclosures.