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tax credit: Top 10 Cities to Buy a Home Right Now - 02/19/10 03:16 PM
Forbes magazine recently released their 10 best cities in which to buy a home right now. To determine what cities are smart buys, Forbes computed the premium of home ownership and where economists predict that home prices will go up the most over the next five years.

The premium of home ownership is the difference between what you would spend to rent and what you would pay for a mortgage. This is important because in the long run, you could save in a huge way by purchasing a home now, particularly while the home buyer tax credit is still … (1 comments)

tax credit: Time to Cash In On The Tax Credit - 02/15/10 07:17 AM
Last November, the Homebuyer Tax Credit was extended giving first time home buyers a tax rebate of $8,000 and $6,500 for qualified buyers who already own their home.
The tax credit applies to homes purchased before April 30, 2010 and to homes under contract by April 30, 2010 which will close by June 30, 2010.
Stop for a moment to consider the fact that it might take several weeks to choose the right home, it will take adequate time to negotiate the right price and terms, and another 30 days or so to process your mortgage loan. You’re looking … (0 comments)

tax credit: Simplifying the Home Buyer Tax Credit - 11/27/09 10:35 AM
Earlier this month President Obama signed a bill extending the first time home buyers $8,000 tax rebate.  Included in that bill is an expansion of the original plan to include existing homeowners.  The expansion provides a $6,500 tax rebate for qualified buyers who already own their home.  Both tax credits will be in effect until April 30, 2010. These provisions offer a tremendous opportunity for first time home buyers and certain existing homeowners to buy a home before the April deadline.
"The only thing I would say is that if history teaches us any lessons we should move forward sooner rather … (0 comments)

tax credit: Homebuyer Tax Credit to be Extended and Expanded! - 11/05/09 06:15 PM
Earlier this week, the U.S. Senate unanimously passed an extension and expansion of the homebuyer tax credit. This morning, the House of Representatives approved the agreement reached in the Senate by a vote of 403-12. The bill has now passed both chambers and is awaiting the President’s signature, which could be as early as tomorrow!

Below is a summary of the new modifications in the extension and expansion of the tax credit:

1) The $8,000 tax credit will be extended and available for first-time purchases before May 1, 2010.

2) A new $6,500 tax credit … (1 comments)

tax credit: Tax Credit Monetization Plan Announced - 06/01/09 02:12 PM
Last week, HUD Secretary Shaun Donovan announced that the Federal Housing Administration (FHA) will allow homebuyers to apply the Obama Administration's new $8,000 first-time homebuyer tax credit toward the purchase costs of a FHA-insured home. Donovan said that the action will help stabilize the nation's housing market by stimulating home sales across the country.
The American Recovery and Reinvestment Act of 2009 offers homebuyers a tax credit of up to $8,000 for purchasing their first home. Families can only access this credit after filing their tax returns with the IRS. This announcement details FHA's rules allowing state Housing Finance Agencies and … (0 comments)

 
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Chuck Webb

Charlotte, NC

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Wilkinson & Associates

Address: 8604 Cliff Cameron Drive, Suite 110 , Charlotte, NC, 28269

Office Phone: (704) 393-0048

Cell Phone: (704) 724-2454

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