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News:
Federal Housing Tax Credit
A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.
In its efforts to stimulate the economy and revive the housing market, Congress has enacted legislation providing a tax credit of up to $8,000 for first-time home buyers.
But time is of the essence for buyers who want to take advantage of this opportunity. Only homes purchased on or after January 1, 2009 and before December 1, 2009 are eligible. Use the links below to find out more about the tax credit.
Click here for details http://www.federalhousingtaxcredit.com/2009/home2.html
Senate Approves Homebuyer Tax Credit Extension
11/5/09
The U.S. Senate has voted unanimously to extend the $8,000 first-time homebuyer tax credit and extend a credit to existing homeowners as well, virtually guaranteeing that the popular program will continue past the current Nov. 30 deadline.
The bill extends the $8,000 first-time homebuyer tax credit through April 30, 2010 and provides for a $6,500 tax credit for repeat home buyers who have been in their current home at least five years. Both credits are restricted to homes purchased for use as a primary residence; secondary residences and investment properties do not qualify.
Click here for details http://www.mortgageloan.com/senate-approves-homebuyer-tax-credit-extension
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