| Senate voted on a bill to extend tax credit for first | | | | depending on their circumstances. |
| time home buyers. Anyone earning under $125,000 as | | | | If you're a home owner who has been waiting to sell, |
| an individual and $225,000 as a married couple will be | | | | this very well could be your chance. The tax credit |
| eligible for the $8,000 tax credit as part of the stimulus | | | | extensions and add-ons benefit you as a home seller |
| package. This will enable any buyers that fit the | | | | (buyers will be out looking to take advantage)and you'll |
| government criteria to purchase a home and receive | | | | have the chance to take advantage of the 6500.00 |
| the $8,000 tax credit back on their tax returns. Or they | | | | tax credit for current home owners, as well lower |
| may be eligible to use the credit towards their closing | | | | interest rates and low home prices make this a |
| cost. | | | | remarkable time to buy. You could also qualify for the |
| Congress also passed another tax credit of as much | | | | FHA loan if your new home will be a primary |
| as $6500.00 for people that already own a primary | | | | residence. |
| residence. This directly benefits existing home owners | | | | If you're a first time home buyer who has been sitting |
| who wish to purchase a new home as a primary | | | | on the fence, I would say its time. Don't let the |
| residence. Credit is for homes that are purchased | | | | opportunity to purchase a home pass you by when all |
| under $800,000 and contracts must be signed no later | | | | is in your favor, low interest rates, homes at their |
| than April 30, 2010 and close before June 30, 201 | | | | lowest in years, the tax credit, as well as FHA |
| This appears to be the last chance to take advantage | | | | financing that can get you into a home with as little as |
| of the $8,000 tcredit for first time home buyers, it also | | | | 3.5% down. FHA will also allow up to 6 % seller assist |
| is a chance for existing home owners to sell their | | | | to help with the closing cost. |
| existing homes and either upgrade or downgrade | | | | |