Time Is Ticking....
With the legislation passed that extends the homebuyer tax credit until April 30th, 2010, you have a great opportunity to get into a new home this year. If you sign a purchase agreement before April 30th and close the transaction by July 1st, you can get up to $8,000 as a credit on your tax return and even put it towards the down payment on an FHA-insured home.
If you've been thinking about purchasing a new home, now is the best time to get the ball rolling. Don't delay it any further; this is not an opportunity you want to pass on by.
If you've been thinking about purchasing a new home, now is the best time to get the ball rolling. Don't delay it any further; this is not an opportunity you want to pass on by.
Comment
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Comment by Eva Bradley on March 5, 2010 at 6:29pm -
I believe so... it would more likely less than $8,000... But I think, as long as you are using FHA financing, you would be eligible for a tax credit on a second home as well. Your loan officer can give you a more detailed info.
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Comment by tj on March 5, 2010 at 5:06pm -
Thanks for reminding about the homebuyer tax credit Eva. I bought my first home 3 years back, would i be able to avail any tax credits while buying the second home ? Appreciate your inputs.
Thanks
TJ
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