Here it is the extended tax credit for homebuyers! It's been approved, the extension of the $8,000 first-time homebuyers tax credit for homes under $800,000 through April 30, increased the income ceiling for eligibility to $125,000 for individuals and $225,000 for couples, and introduced a new $6,500 credit for existing homeowners that have lived in their current homes for at least five years and now want to "move up."
This is great news! Get ready and start planning your goals. Homeowners with equity can now take advantage of the low prices and receive the $6,500 if in escrow by April 30th. Interest rates are low, low, low right now. If you missed moving up a few years ago and thought you were outpriced, now is the perfect time to get that second chance.
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