Tag Archives: Tax Credit

Is It Still Worth it to Buy a Home without the Tax Credit?

Over the last couple of months some people have expressed disappointment about the $8,000 tax credit expiring in June. Now while it’s always nice to get money back, all is not lost.  The interest rates are now much better than they were a year ago. Let’s look at a $200K 30 year mortgage at a [...]

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Looking Back at 2009

The $8000 first time home buyer tax credit that didn’t have to be paid back is introduced. Foreclosures declined but short sales were on the rise. Stated income loans went away, making it difficult for self-employed income borrowers to get a new mortgage. New mortgage guidelines tightened up. Large investors (unless they are cash buyers) [...]

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*New* Move-Up/Repeat Home Buyer Tax Credit

Here are the Details of the extension of the Move-Up/Repeat Home Buyer Tax Credit Definition Move-Up or Repeat Home Buyer: A home owner who has owned and resided in a home for at least five consecutive years of the eight year prior to the purchase date. 1.  Buyers will have to have a binding sales [...]

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How to Claim Your First Time Home Buyers Tax Credit

2009 was a very good year for the 1st Time Home Buyer.  Many of you out there purchased a home and now qualify for the 1st Time Home Buyer Tax Credit worth up to $8000, but how do you get it.  My first suggestion is to have you taxes done by a professional but for [...]

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What Can the Stimulus Package Do for Me?

Every day when you turn on the TV you are bound to hear someone talking about the “Stimulus Package” and how it supposed to help home owners buy homes or refinance their existing mortgages but few people explain how this applies to the average person in terms everyone can understand.  Today I want to talk [...]

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