Monday, November 9, 2009

BREAKING NEWS ! New Expanded Home Buyer Tax Credit Approved

Congress has expanded the home buyer credit to now include current homeowners. This is great news for the move-up buyer.

Qualifying purchasers can receive a credit up to $6,500.

The income limit for singles is $125,000 and $225,000 for married couples. If your income is higher than that, you can still qualify, but the credit will be less.

The credit can be applied to home purchases up to $800,000 and is effective on purchases until April 30, 2010 (must close escrow before 7/1/09).

With home prices finally stabilizing, now is a great time to take advantage of lower home prices and lower interest rates!


Anonymous said...

This news is the best one around from past one week. It is great and too beneficial for all. It is beneficial for owners, for buyers and for real estate too.
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Anonymous said...

Definitely a good news over the disappointing ones. Hope it become stable and improving as much as possible for everyone's favor.

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