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mortage: First time homebuyer tax credit - 10/30/09 06:15 AM
Those of you that have been waiting for an update on the first time homebuyer tax credit, and a possible extension, may be happy to hear that this is all but certain now.
http://www.bloomberg.com/apps/news?pid=20603037&sid=ai5ZNuz56Q4g
The senate will vote next week on the bill but it appears certain it will go through.
Great news for first time homebuyers is that the income limits have been increased from $75,000 to $125,000 for individuals and up to $225,000 for couples. This will bring more buyers into the market that will be able to buy larger homes and boy have we needed that!
The other … (1 comments)
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mortage: Possible Extension of the Home Buying Credit - 06/24/09 11:33 AM
Yesterday, USA Today reported that Congress is considering an extension of the first-time home-buyer credit due to expire this fall. Some in Congress are even proposing to raise the credit from $8,000 to $15,000 and apply it to anyone who buys a home.
It seems likely the credit will be extended beyond the fall as there are a few proposed House bills to do so. Each bill carries a different twist beyond merely extending the credit past the fall.
According to the article, four separate proposals and ideas to continue to spur the housing market have emerged:
A Senate bill submitted … (0 comments)
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Craig Bland
Lawrenceville,
GA
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Brand Mortgage
Cell Phone: (678) 234-0545
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