Did you take advantage of the first-time home buyer tax credit in 2008? If so, you have to pay it back. I wish I was lying, but like George Washington, I can’t tell a lie. Also like George Washington, I have wooden teeth. But all the wooden teeth in the world can’t get me out of paying back this interest-free loan. If you’re in the same boat, read up on the details of this credit and the repayment requirements.
How much can you SAVE with today's crazy low mortgage rates? Find out now!
Tag Archives: First-Time Home Buyer Tax Credit
Tax Tips for Homeowners: What You Need to Know to Make the Most of Your Tax Returns
It’s that time of year! The time when you have to collect all of you paperwork and hand over that shoebox to your trusty tax advisor, or perhaps you are taking a stab at doing it yourself online. Either way, there are a few things you should know about when preparing for the approaching deadline.
Mortgage News from 2010: An Overview of Financial Events That Impacted You
With a new year beginning, many people are gearing up on resolutions like losing weight or lifestyle changes, but often forgetting to plan for their finances. Stuff that happened in 2010 may seem like old news, but the truth is a lot of the mortgage news still affect you going in to 2011.
New Home Sales Hit Record Low as Fed Holds Steady
The Commerce Department announced that new home sales in the US sunk by nearly 33% to their lowest level on record. While a drop in home sales was expected, numbers were much lower than anticipated.
Today is Your Last Day to Take Advantage of the First-Time Home Buyer Credit!
The final day homebuyers can take advantage of the first-time home buyer tax credit is here.
Mortgage Rates Rise Above 5%
You hear it on the news all the time: mortgage rates are not going to stay this low for long… Well, that time may have finally come. Reuters reported today that mortgage rates rose for the first time in three weeks to over 5%. The numbers are pulled from a survey from Feddie Mac, which is the second largest U.S. mortgage finance company.
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