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buyer programs: Update on Tax Credit to Home Buyers - 02/13/09 08:49 AM
The current version of the stimulas package passed by Congress eleiminated the proposed $15,000 tax credit for home buyers. Instead, the tax credit which is now offered is $8000 and is extended to the end of 2009. 
In my opinion, this may be a better alternative to many people. The $15,000 would have been taken over a 2 year period. This means that the home buyer would have to owe taxes of $7500 each year taken. Increasing the amount to $8000 is actually more for the first year. This is a generous number and should help many first time home buyers … (3 comments)

buyer programs: Help for Home Buyers - 11/12/08 07:31 AM
New Jersey is still offering first time home buyers help through the Smart Start program. The program offers a grant for 4% of the sale price which can be used towards down-payment or closing costs. The grant is not repaid until the buyer sells the property. If the buyer stays in the home for seven years, the grant is forgiven. The progarm is restricted in that you must buy in a Smart Growth area.
There is also a program to help people buy a home where they work.  The buyer can get a grant for 5% of the mortgage amount. There … (2 comments)

 

Veronica DeCarolis

Flemington, NJ

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Weidel Realtors

Address: 405 Route 202, Flemington, NJ, 08822

Office Phone: (908) 782-0100 x 217

Cell Phone: (908) 313-5052

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