Yes, as a first-time home buyer, you can get free money in the form of a tax credit. When the stimulus bill is signed into law by President Obama on February 17, 2009, it will upgrade the former tax credit offered last year in several important ways.
- Maximum allowable credit increased form $7500 to $8000
- Closing date eligibility is extended from July 1, 2009 to December 1, 2009
- The repayment requirement has been waived
With home prices down and mortgage rates at a 25 year low, what are you waiting for - come on in the water couldn't be better.
No comments:
Post a Comment