Ar_home_b_search
 

TAX CREDIT EXTENSION – IS IT REALLY ALL THAT? - 10/31/09 10:15 AM
The Senate has agreed to extend the tax credit for homebuyers to include contracts signed by April 30, 2010 that close by June 1. The credit for 1st time homebuyers will remain at $8000 with the income limits raised from $75,000 for individuals and $150,000 for couples to $125,000 and $250,000, respectively.
The proposal also allows existing homeowners who have lived in their home for five consecutive years to receive a tax credit of $6500 if purchasing a home within this timeframe.
What does this all mean? As winter months are not normally high months for buying homes, this extension is … (4 comments)

More Help for First Time Homebuyers - 10/22/09 10:44 AM
The Federal government just announced a program to help State Housing Finance agencies (HFA's) finance mortgages for first time homebuyers. The fact is that because of the credit crunch, many State HFA's were unable to sell the tax exempt bonds that raise the capital required to enable the agencies to fund mortgages. If you have had any problems with your clients not able to get funding for their mortgage with the HFA, I would have them check back again. Detailed information on the State HFA programs can be found in my book as well as on my website, www.homesbuyersandmortgages.com.
Congress is … (0 comments)

 

Jason Kotar

Fort Lauderdale, FL

More about me…

Kotar Associates

Office Phone: (954) 734-3504

Email Me



Links

Archives

RSS 2.0 Feed for this blog