fist time home buyer tax credit 8000: Senate passes & extends the home buyers credits!
- 11/06/09 12:45 AM
Highlights: • $8,000 for first-timers signing contracts through April 30, 2010 and closing by June 30, 2010. • $6,500 for repeat buyers who have "lived in their current residence for five consecutive years out of the last eight Individual tax filers making no more than $125,000 and joint filers making no more than $225,000 could take the full credit, a significant increase of the income cap. The credit would decrease in value for people making more than those amounts. • If the home you're buying is priced over $800,000 sorry, you won't qualify! If you're a first-timer hoping to take advantage … (0 comments)
fist time home buyer tax credit 8000: Feds reverse rule to assist first-time home buyers - Tax credit ineligible for down payment
- 05/20/09 09:18 AM
Federal officials on Monday May 18, 2009 reversed an earlier decision to allow first-time home buyers to use an $8,000 tax credit to borrow the down payment on a home. A week earlier, U.S. Department of Housing and Urban Development Secretary Shaun Donovan had told the National Association of Home Builders that HUD would let banks and local governments offer short-term "bridge loans" to cover the down payment for first-time buyers eligible for the tax credit. The loans would have been available to applicants for federally insured mortgages such as Federal Housing Administration loans.Lenders, home builders and real- estate agents … (0 comments)
Highlights: • $8,000 for first-timers signing contracts through April 30, 2010 and closing by June 30, 2010.
;)
;)
