In these tough times, this sounds too good to be true, right? The Housing and Economic Recovery Act of 2008 includes a tax credit up to $7,500 available to first time home buyers for homes that are purchased between April 9, 2008 to July 1, 2009. It is an interest free loan to be paid back in a 15 year period. This tax credit is a measure the Federal Goverment is using to try to stimulate the housing market. Great news if you are a first time home buyer meeting the requirements to qualify for this tax credit!
THIS MAY BE GOLDEN AGE FOR FIRST-TIME HOME BUYERS
With prices and mortgage rates dropping, this may be the best buying opportunity of a lifetime for those seeking to purchase their first house.
By Ron Lieber
THIS MAY BE GOLDEN AGE FOR FIRST-TIME HOME BUYERS
With prices and mortgage rates dropping, this may be the best buying opportunity of a lifetime for those seeking to purchase their first house.
By Ron Lieber
New York Times News Service
Five or 10 years from now, when the financial crisis has ended and housing prices are up smartly once more, we will look in the rearview mirror and realize that we missed a golden age for first-time homebuyers. Read full article here ...
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