$8,000 HOMEBUYERS TAX CREDIT EXTENDEDAND EXPANDED
The American Recovery and Reinvestment Tax Act of 2009 passed earlier this year has been extended to June 2010. In addition, Congress has expanded the program to include homebuyers who have lived in their home five of the last eight years. These buyers will receive $6,500 tax credit. The Act enables the taxpayer to receive this credit without repayment if the homeowner occupies the property for 3 years. The $8,000 can be used as down payment on your home purchase.
If you are a first time buyer, or you have not owned a home in the last 3 years, or a move-up buyer that has lived in your home five of the last eight years, this is an opportunity that should not be passed up. Interest rates are at an all time low and there are lots of homes to choose from.
Feel free to contact me and I will be happy to provide you with further details.
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