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tax credit: Good News in Chicago and Arlington Heights area Real Estate! - 04/29/09 08:03 AM
Have you heard the good news in real estate?
 * $8,000 tax credit for home buyers!
 * Lowest interest rates in memory!
 * The National Association of Realtors (NAR) affordability index is at it's highest in history!
 * Homepath Lending program for Fannie Mae properties! Qualify for a loan with as little as 3% down for owner occupied properties or 10% down for an investent properties!
 * Bank of America Buyer's Protection Plan! Lose your job or become hospitalized and your mortgage can be paid for up to 12 months!
 * New home sales skyrocketed in February!
 * Home prices increased in January/February … (1 comments)

tax credit: Don't Miss It! First Time Home Buyer Tax Credit up to $8,000! - 04/23/09 08:05 AM
Are you a first time homebuyer?
According to the National Association of Realtors 2008 Profile of Home Buyers and Sellers, the median age of a first time homebuyer is 30 years old with a median income of $60,000.
First time homebuyers are in a unique position in the current real estate market because they are not constrained by the necessity to dispose of their current residence. In addition, there are many financial incentives from federal and state programs that are only available to first time homebuyers. Even individuals that have not owned a home in the last three years may be … (0 comments)

tax credit: What You Should Know About the First-Time Home Buyer Tax Credit - 02/24/09 10:49 PM
The American Recovery and Reinvestment Act of 2009 features an $8,000 tax credit for first-time buyers who purchase a home on or after Jan. 1, 2009 and before Dec. 1, 2009.
Highlights of the tax credit include:
* The temporary tax credit is only available for home purchases made from January 1, 2009 to December 1, 2009 and is equal to 10 percent of the cost of the home, up to a maximum credit of $8,000.
* Buyers can claim the credit on their federal tax return to reduce their tax liability. If the credit is more than their total tax liability that … (2 comments)

tax credit: First-time Homebuyer Tax Credit - 08/25/08 10:54 PM
You might be eligible for a tax credit if you are a first-time homebuyer!
The Housing and Economic Recovery Act of 2008 (H.R. 3221) was signed by the President on July 30, 2008.
But what does this mean for you, the homebuyer? In general, a $7,500 tax credit is available for any qualified purchase between April 9, 2008, and June 30, 2009. The credit is repayable over 15 years (making it, in effect, an interest free loan).
Here are the specifics:
Amount of Credit - Ten percent of the cost of home, not to exceed $7,500. Eligible Property - Any single-family residence … (0 comments)

 


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