As many people in Kansas hurry to take advantage of the federal government's first-time homebuyer tax credit it is important that they are continuing to think about long-term debt management to avoid uncontrollable debt and future foreclosure. That is why State Treasurer Dennis McKinney is rolling out a homebuyers guide for Kansans looking to get the possible $8,000 tax credit before the November 30th deadline.
"While this part of the economic stimulus package can be very helpful to first-time homebuyers it is crucial that debt management and budgeting be the main focus in the sometimes overwhelming process of purchasing a home," said Treasurer McKinney. "Our office wants to help residents looking to buy a home for the first time or the experienced homebuyer alike so that Kansas families stay on the road to financial success," explained McKinney.
Kansas residents ready to purchase a home, for the first time or any time, can visit the website at www.kansasstatetreasurer.com to get additional information. The Homebuyers guide provides information about evaluating if buying is right for you at this time; the process of purchasing a home; how to compare mortgages; important terms related to home buying; as well as additional resources available to Kansans looking to buy a home.
"Purchasing a home is one of the biggest life decisions and it's important that these investments don't put financial burdens on homebuyers that they cannot afford in the long-term," McKinney said. "We want to help Kansans be successful financially and that is why my office is offering the homebuyers guide."
For more information on the homebuyers guide please visit our website www.kansasstatetreasurer.com or you can contact our Financial Literacy Division at 785-296-0645.
