$8,000/$6,500. Tax Credit for Home Buyers extended
Posted 11/07/2009 - 11:56 by CathySarmento
President Obama has signed into law an extension of the 1st Time Home Buyer Tax Credit of $8,000. that was due to expire at the end of November. It now exends into next spring. It has also been expanded and is now available to non-1st time buyers in the amount of up to $6,500. there are some qualifiying restrictions, but this is wonderful news for buyers. It is an unparalled opportunity to take advantage of abundant homes to chose from and excellent interest rates. If you've been thinking about buying a home don't delay, this offer does expire. It is a credit not a loan, so if you've been asking where is my stimulus money, here it is. The American Dream is alive and well in Auburn!
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It has also been expanded and is now available to non-1st time buyers in the amount of up to $6,500. there are some qualifiying restrictions, but this is wonderful news for buyers. It is an unparalled opportunity to take advantage of abundant homes to chose from and excellent interest rates. If you've been thinking about buying a home don't delay, this offer does expire.
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It's like having the down payment ready before purchasing.
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It's great to hear that President Obama has signed into law an extension of the 1st Time Home Buyer Tax Credit of $8,000. that was due to expire at the end of November. The announcement will surely go in favor of the common people. And more over that it will attract more people to invest their money in real estate field. Tax refund calculator
These tax programs are great especially for the real estate in los angeles that is always moving up and down but on affordable homes it's perfect.
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If the Buyers income exceeds these limits can he get a credit? I think the credit decreases for buyers who earn between $125,000 and $145,000 ...home buyers earning more than the maximum qualifying income—over $145,000 for singles and over $245,000 for couples are not eligible for the credit.
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