Okay, so there are a few catches (* PLEASE read the information provided in the links -- you must qualify in order to get this $$$)
IRS guidelines about tax credit
National Association of Realtors article on Tax Credit
Seriously, this is an amazing opportunity. Last year, the tax credit was only for first-time homebuyers. It was set to expire on November 30, 2009. However, Congress voted to extend the First-time Homebuyer Tax Credit, and in the process, extend it to also apply to people who already own homes. For existing homeowners, you have to have lived in a home for 5 (consecutive years) of the past 8 years (8 years immediately prior to the purchase date of the new home being purchased).
First-time Homebuyer credit = $8,000
Existing Homeowner tax credit = up to $6,500
SOOOO........ Don't sit on the fence! This WILL run out in a few months! Plus interest rates are still GREAT!
http://www.buywithdeborah.com/
1 week ago
No comments:
Post a Comment