August 13, 2008(TUCSON, Ariz.) – – Long Mortgage President Reneé Booker will host a free public Webinar on August 20, 2008 from 5:30 p.m. to 6:00 p.m. that examines mortgage lending changes resulting from a broad piece of legislation recently passed by Congress and signed into law by President Bush on July 30, 2008, the company announced today.

Included in the bill is an estimated $15 billion in housing tax breaks, most notably among them an unprecedented first-time home buyer tax credit which may be repaid to the government interest free over 15 years, or if the home is sold. Eligible buyers, however, must close on the sale of a home between now and June 30, 2009, making the need for a public tutorial timely, Long Mortgage officials have noted.

Booker will discuss recent changes to FHA financing, down payment assistance programs, a new tax credit for qualified first-time buyers, and other topics of significance regarding the new federal law.

"We saw an opportunity to help consumers break down these very dense and sweeping changes by offering-up our expertise," Booker said. "A Webinar is a great way to reach a significant number of individuals who are looking for a home and may be impacted by this new law."

Webinar Information: "The New Housing Bill and What it means to a Home Buyer"

Time: 5:30 p.m. to 6:00 p.m.

Date: August 20, 2008

Host: Reneé Booker, President, Long Mortgage Company

To Register:
log on to www.longrealty.com or www.longmortgage.com and click the "Housing Bill" link from either home page. Complete the pop-up registration page with name and e-mail address. Once registered, additional instructions will be e-mailed to attendees.

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