Real estate blog entries tagged with first time home buyer by Kenneth Belferman (Prudential Preferred Realty)

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Home : Blogs : Kenneth Belferman : Kenneth's Pittsburgh Real Estate Blog : Tag "first time home buyer"

first time home buyer: Details on the Homebuyer Tax Credit - 08/28/08 11:18 AM

In a previous blog, I mentioned the Homebuyer Tax Credit for first-time buyers which is included in the housing bill recently passed by Congress - the Housing and Economic Recovery Act of 2008.
To recap - the bill provides a credit of up to 10% or $7500 (whichever is less) for first-time home buyers. The "credit" is actually a loan which is paid back over 15 years in equal payments. If you sell your home before the credit is paid back in full, the balance is due at time of sale.
The credit applies to the purchase of a home made … (2 comments)

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Kenneth Belferman

Pittsburgh, PA

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Prudential Preferred Realty

Address: 3911 William Penn Highway, Monroeville, PA, 15146

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