tax credit: Claim Your Homebuyer Tax Credits - 02/16/10 02:33 PM
By: Richard Koreto 
Originally Published: November 18, 200 
Whether a first-time buyer or a longtime owner, you may be eligible for a homebuyer tax credit if you meet these IRS guidelines: 
You meet IRS income and homeownership rules. You sign a binding contract by April 30, 2010. You close on a home purchase by June 30, 2010. If you receive a tax credit, it will come in the form of a reduced tax bill or an increased refund.
Some first-time buyers and longtime owners may be able to claim a federal homebuyer tax credit on a principal residence bought in 2009 … (0 comments)

tax credit: Mortgage Rates Bound to Rise This Year - 01/27/10 03:54 PM
The Federal Government has spent nearly a trillion dollars over the last year to keep mortgage rates low. As of March 31st that participation will end undoubtedly sending rates higher. The imminent increase in rates coupled with the expiration of the up to $8000 tax credit for home buyers and ever rising foreclosures are all likely to spell trouble for the housing market for the rest of 2010 and most likely well into 2011. Add on the further changes to mortgage qualifications, higher required down payments, less people gainfully employed, the expiration this year of the tax cuts, and it may be a couple of presidential elections … (2 comments)

Pete Shrader (Renters Warehouse)

Pete Shrader

Savage, MN

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