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Friday, January 29, 2010

Buying First Home

Now is the best time to buy a home. Why? because for first-time home buyers, or those who have not owned a home in the last three years, they can receive up to an $8,000 tax credit. Isn't that a big reason enough to buy a new home?

There may be no future extensions for Buying First Home that will qualify for the $8,000 tax credit. This is a limited offer so all qualified home buyers are urged to act and have a written, binding contract by April 30, 2010. The purchaser has to close the deal by June 30, 2010. There is an income limit to qualify for this 2010 Homebuyer Tax Credits. Income limits for singles are now $125,000 while married couples are $225,000 with a $20,000 phase-out of the credit for both.

Qualifying homeowners can also benefit with the 2010 Homebuyer Tax Credits. Homeowners who have lived in a current home consecutively for 5 of the past 8 years can receive up to a $6,500 tax credit when purchasing a home.

Buying a home is a big decision. It is always important to contact your lawyer, accountant and/or financial advisor. You can also visit Coldwell Banker Mortgage for easy home loans.

To learn more about Homebuyer Tax Credits watch the video below:

1 comments:

chubskulit said...

Googog MamiLu,. bili ka na ng bahay.. Biruin mo you will get that much, pwede na yan sa closing cost..

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