Some wonder what has changed from last years First Time Home Buyer tax Credit and 2009’s First Time Home Buyer tax Credit. Well now you can review them Side By Side.
Posted by Great Northwest Indiana Associates of Realtors GNIAR here is a side by side look at what the differences are. Take a look.
Gina Bombin, NWI Real Estate Pro
First Time Homebuyer Tax Credit
Posted by: Scott Swinford, Mortgage Planner & Credit Expert In: Real Estate Finance| tax credit
One of the most exciting provisions of the Housing and Economic Recovery Act of 2008 was the First-Time Homebuyer Tax Credit. The credit was expanded as part of the most recent economic stimulus bill (The American Recovery and Reinvestment Act of 2009). The credit is designed to encourage first time home buyers to go ahead and make the leap to purchase their first homes. Combine this tax credit with the fact that home prices and interest rates are at historical lows, and it is indeed an ideal time for many first-time homebuyers to purchase a home!
Here are some things to keep in mind:
A first time home buyer is defined as someone who has not owned a home in the last three years
For Homes Purchased Between April 9, 2008 and December 31, 2008
The credit amounts to 10% of the purchase price of the home not to exceed $7,500
For Homes Purchased Between January 1, 2009 and December 1, 2009
Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit… Continue to Loan Guy’s Blog
Gina Bombin, Real Estate Professional for NWI
It’s a new year and with that new and better opportunities for a First-Time Home Buyer to take advantage of. So if you are considering being a First-Time Home Buyer in 2009 here are 10 things to consider that might give you an extra push to becoming a First-Time Home Buyer in 2009.
So what are the Top 10 reasons why you should be a First-Time Home Buyer in 2009
10) You can kiss your land lord goodbye!
9) As a First-Time Home Buyer you can take advantage of the many Foreclosures, HUD Homes, Handy Man Specials, Estate Sale, or Short Sales.
8) Numerous Financing options for First-Time Home Buyers
7) Seller Incentives are plentiful for First-Time Home Buyers
6) Your Interest, PMI, & Property Tax are all income tax right offs as a First-Time Home Buyer
5) First-Time Home Buyer Opportunities are at an all time high
4) Interest rates are at an all time low which will benefit you as a First-Time Home Buyer
3) $7500 First-Time Home Buyer Income Tax credit expires June 30th
2) $7500 First-Time Home Buyer Income tax credit
And the #1 reason Why You Should Be A First-Time Home Buyer in 2009,
1) You are investing in yourself!
So if you are thinking that this should be your year to becoming a First-Time Home Buyer, E-mail me and lets set up an appointment so you can learn how you can become a First-Time Home Buyer today!
Gina Bombin, First-Time Home Buyer Expert
Designed By :
