Owning a Home Pays at Tax Time
Buying a home is a big undertaking, but did you know that your new home purchase might help you enjoy a world of tax breaks? If you’re a new homeowner, you should know that there are several tax deductions available, some of which can put a fair amount of money back in your pocket. Here […]
Do Low Rates Mean You Should Refinance Your Mortgage?
Mortgage rates are still at historic lows, and they are defying all predictions and expectations, by continuing to lower. Does that mean a refinance is the right thing for you right now? Low rates are just one factor that should go into your decision to refinance your mortgage. Here are a couple of other things to consider:
Senate Passes New Tax Credit For Home Buyers
Buying a home is about to get cheaper for a whole new crop of homebuyers — $6,500 cheaper. The Senate voted Wednesday to extend and expand the tax credit to include many buyers who already own homes. The House is scheduled to vote on the bill Thursday. Buyers who have owned their current homes at […]
8000 Tax Credit for First Time Home Buyers
The Federal Government had its citizens captivated with the anticipation of the Senate’s $15000 tax credit that was quickly rejected in committee. This credit generously provided homebuyers – not just first-time homebuyers – with a tax credit of up to $15000. Instead, negotiations on the bill increased last year’s $7500 housing credit by $500 resulting […]
15000 Tax Credit for Home Buyers
Clearly the federal government wants its citizens engaged in the housing market again. As part of the original 2009 stimulus package, a 15000 tax credit for homebuyers is emerging as an incentive for those who are considering this investment. The $15000 tax credit bill is yet to be a federal law, but its passage in […]
7500 Tax Credit For First Time Home Buyers
Congress created the $7500 tax credit incentive to help first time home buyers get into a home and stimulate the housing market and economy. Their rationale is that it will help stabilize home prices and increase home sales. First time home buyers purchasing a home between April 9, 2008 and before July 1, 2009 are eligible […]
