First Time Home Buyer Tax Credit Extension – Under Contract Before April 30th for $8000
Posted on | February 24, 2010 | 2 Comments
The first time home buyer tax credit extension has allowed many first time home buyers to take advantage of getting extra money back. If you are under contract on your first home by April 30th, 2010 then you will receive a check for $8000 shortly after you close. This month could be used for a multiple of reasons.
One of the best ways to use this $8000 is to sink it right into your new home so you will build equity in the home. By having equity in your home you will find that your financial life will get easier and easier. Some first time home buyers are using the money to pay off bills such as loans and credit cards.
If you are a move up buyer then you will receive a check for $6500 if you are under contract by April 30th, 2010. With April just around the corner it would be a wise decision to go ahead and get started on your home buying experience. If you continue to wait you could miss out on this great opportunity of the first time home buyer tax credit.
Not only are there tax credits available but we are also living in a very low interest rate environment. At the present time 30 year fixed mortgage rates are under 5% and we have seen mortgage rates very low for a significant period of time. Do not miss out on this chance to save a ton of money.
Author: Alan Lake
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February 25th, 2010 @ 8:08 am
[...] sales fell to a record low in January, 11.2%. That is the lowest level on record. Even with the first-time home buyer tax credit extension, home sales may suffer over the next couple of [...]
February 25th, 2010 @ 8:08 am
[...] sales fell to a record low in January, 11.2%. That is the lowest level on record. Even with the first-time home buyer tax credit extension, home sales may suffer over the next couple of [...]