Great News for Kansas City Home Buyers! The President has announced that he will sign the legislation tomorrow. As a result, all existing homeowners that are eligible for the new $6,500 tax credit and close on the purchase of a home after tomorrow (which means starting Saturday at 12:01 AM) will be eligible for the new tax credit For first-time homebuyers that are eligible for the continuing $8,000 first-time homebuyers' tax credit, the credit will simply continue as it currently exists with a few tweaks on the income limits. I have provided a link to some Frequently Asked Questions from NAR on the new credit. Please let me know if you have any questions.
Thank you to all of the Kansas City Area for helping petition and get this deal done!
Please visit www.HomeLoanKC.com to learn more about the recent extension & expansion of the tax credit.
Charles Ferrara
Kansas City Home Loan Specialist
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