Let’s take our Christmas Money and Add it to the $7,500. US Government Tax Credit…and Buy a Home!
Yes it’s possible! You’re eligible if:
- You are a first time home buyer
- You haven’t owned a home in the last 3 years
- Your family income is less than $150,000.
- You are single with an income less than $75,000.
It’s a tax credit applied to your income tax return. It acts as a no-interest loan that you pay back $500. per year for 7 years. If you sell before paying it back the balance is taken from your proceeds. If there isn’t enough money in the proceeds then the remaining balance is forgiven.
This offer expires June 30th 2009. Which mean your house needs to close by June 30th 2009.
Interest rates are low. Housing prices have dropped. And now a $7,500. tax credit from the US Government. This is a great time to stop paying someone else’s mortgage and buy a home of your own. What have you got to lose?
Call me: 425.772.5849 (Jana Lindstrom)
February 21st, 2009 at 10:22 am
[...] amount is refunded as a check to you, the home purchaser. The maximum credit is now $8,000. instead of $7,500. Eligibility for this credit began on January 1, 2009, and will expire on December 1, [...]