Mortgage News - Home Buyers Tax Credit
Current mortgage news includes the extension and expansion of the home buyers tax credit. The new program should stimulate home buying and mortgage loans for first time buyers, and some current home owners.
The vote also expands the home buyers tax credit to include many home buyers who already own their home, which should help the recovery of housing and boost mortgage loans.
Home buyers who have owned their current home for at least 5 years would now be eligible for a home buyer tax credit of up to $6,500. First time buyers, who have not owned a home in the last 3 years would get up to $8,000.
To qualify for the tax credit, home buyers have to sign a purchase agreement by April 30, and close by June 30 2010.
Information on Mortgage Loans and Home Mortgage Rates
The vote also expands the home buyers tax credit to include many home buyers who already own their home, which should help the recovery of housing and boost mortgage loans.
Home buyers who have owned their current home for at least 5 years would now be eligible for a home buyer tax credit of up to $6,500. First time buyers, who have not owned a home in the last 3 years would get up to $8,000.
To qualify for the tax credit, home buyers have to sign a purchase agreement by April 30, and close by June 30 2010.
Information on Mortgage Loans and Home Mortgage Rates
posted by CRHOME.com at
2:58 PM
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