Interest rates are as low as they have been in years. You can buy that Dream Home you have always wanted.
Breaking News:
The $8,000 First-Time Homebuyer Tax Credit has been Extended!
PLUS new $6,500 Tax Credit for Current Homeowners!
President Obama has approved a bill for the Housing Tax Credit Expansion and Extension. Here’s what it means:
The $8,000 First-Time Homebuyer Tax Credit is Extended!
· Now, qualified first-time home buyers would receive their $8000 tax credit if they sign a purchase contract by April 30, 2010 and close by June 30, 2010.
· The home purchased must be their primary residence
· Buyer cannot have owned a home during the past three years
· Tax credit is up to 10% of the home value (not to exceed $8,000)
· Annual income caps to qualify for the tax credit have increased ($125K for single filers / $225K for joint filers). Partial tax credit can be granted for incomes up to $145K for single filers / $245K for joint filers.
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PLUS New $6,500 Tax Credit for Current Home Owners Purchasing a Primary Residence
· Eligible home buyers must have lived in their current home for 5 consecutive years of the past 8 years.
· The new home does not have to cost more than the old home.
· Eligible for homes with purchase agreements written by April 30, 2010 and that close between November 6, 2009 and June 30, 2010
· Annual income caps to qualify for the full tax credit ($125K for single filers / $225K for joint filers). Partial tax credit can be granted for incomes up to $145K for single filers / $245K for joint filers.
Please reconsult your certified public accountants for any tax credit eligibility questions.
Call me for more details on how you can take advantage of this great opportunity. Now is the time to BUY your new home. I can help!