Ar_home_b_search
 



1st time buyer: First Time Homeowner $8000 Tax Credit - 04/03/09 10:04 PM
As you've probably heard, the First Time Homeowner's Tax Credit changed from $7500 to $8000 back in February. This is great news for qualifying Buyers.  Here are 3 important points to remember:
•1. With the old plan, the $7500 had to be paid back over 15 years-or at the sale of the home, whichever came first. This made it essentially an interest-free loan.  The $8000 tax credit does not have to be paid back!
•2. The $8000 is a tax credit, not a tax deduction.  What's the difference? With a tax credit, you actually get the full amount of money-dollar for dollar. For … (0 comments)

1st time buyer: $7500 Tax Credit for First-time Home Buyers - 10/07/08 08:17 PM
As you may have heard, the Housing and Economic Recovery Act of 2008 provides a great opportunity for First-Time Home Buyers.  A $7500 Tax Credit is now available from the Federal Government.
To qualify for this credit you must be a first-time home buyer and your purchase must close before July 1, 2009.  The law defines a 1st time Home Buyer as someone who has not owned a principle residence during the three year period prior to the purchase.  If you are a married couple, and one spouse or the other has owned a residence-you are not eligible.  If you own … (0 comments)

 
Rainmaker_large

Marcia & Larry Levine

Plano, TX

More about me…

Keller Williams Realty

Office Phone: (972) 588-8781

Cell Phone: (972) 365-5319

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog

Find TX real estate agents and Plano real estate on ActiveRain.