H.R. 3590: Service Members Home Ownership Tax Act of 2009 Passes in House!
October 14, 2009 by Greg Saunders
Hey Peachtree City…The House just passed the bill introduced by Rep. Charles Rangel (D-NY) to extend the $8,000 First-Time Home Buyers credit to Members of the Armed Forces and certain other Federal employees until November 30, 2010. The Bill passed unanimously and will now go to the Senate where it is also expected to pass with ease.
The Bill also amends the Internal Revenue Code and exempts those service personnel from having to pay back the credit should they be deployed for extended duty service.
Eligible For the First-Time Home Buyer’s Tax Credit? Check Out a Bridge-Loan To Use Your Credit in 2009!
June 8, 2009 by Greg Saunders
Listen up Peachtree City potential First Time Home-Buyers!!
Now you can believe all the the hype you have been hearing…. there may never be a better time for first-time home buyers to buy a
house than right now!
That’s right folks…it was recently announced that plans are in process to permit FHA-approved lenders to provide short-term bridge loans, allowing eligible home buyers to access the their tax credit funds at closing instead of waiting for the tax credit in 2010. This can be your ticket to getting money to help cover closing costs and your down payment.
Can The New Home-Buyer Tax Credit Stimulate You To Buy Now?
March 3, 2009 by admin
Hey Peachtree City here are 4 ways to help stimulus new homeownership!
A refundable first-time homebuyer tax credit of up to $8,000 is the centerpiece of four housing incentives found in the 2009 American Recovery and Reinvestment Act. Experts predict homebuyers will purchase an additional 300,000 homes in 2009 as a result of the tax credit. The impact will likely not be felt for at least 3 or 4 months, because it generally takes buyers that long to qualify for a mortgage and search for a home.
Greg Saunders
