There is only 7 months and 15 days to buy your new home and recieve up to $8,000 from the Federal Government. To recieve this money you must settle and be in the home by November 30, 2009. We are living in "Historic Times". Interest rates have not been this low in 49 years and never have interest rates been this low when home prices are this low. As more First Time Home Buyers realize that time is running out, probably around September, there will be an influx of buyers which will result in driving the … (0 comments)
Who is eligible? First-time homebuyers or any homebuyers who have not owned a principal residence in the last three years How does it work? Eligible purchasers can claim the $7,500 credit on their annual tax return form. •· Amount of credit: 10% of cost of home or a maximum of $7,500 Repayment: Two years after the credit is claimed, the homebuyer will have to start paying it back. 15 equal annual installments will have to be paid back to … (0 comments)
FIRST TIME HOME BUYERS
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