Courtney V
Excelsior, MN
Posts: 1 Events: 0
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I don't know if everyone has gotten the opportunity to hear about this yet, but I thought I would post something so more people could take advantage of this. It is the 2009 Homebuyer Tax Credit that is in effect until December 1st of this year.
This credit allows people to get money back at tax time next year if they puchase a home before December 1st, 2009. You will recieve 10% of the price of the home ($8000 max) back when you file your taxes next year. You DO NOT have to pay this back (In 2008, there was a credit, but it acts as a loan against your taxes that you have to pay back $500/yr for 15 years). What a deal! To qualify for this there is a stipulation:
-You can not have owned a home within the past three years. If you owned a home over 3 years ago and do not own it anymore, you are considered a 1st time homebuyer and would be eligible for the credit.
A lot of people don't have a lot of throw around money, so most likely, people will need to see if they can qualify for financing. There are a few questions that are required to find out if you are eligible for financing. Those questions are:
1. What do you think your credit is like?
2. What are your current monthly debts?
3. What is your current monthly income?
4. Do you have a down payment saved up?
If this is something that interests you, I can help. You can contact me at Courtney@mortgagerevolution.com . Thanks and I look forward to helping you out!
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