I just heard about this program which is part of our government’s efforts to stimulate the economy
It’s a fantastic program for you or your kids who bought a home after April 9, 2008
It’s for first time home buyers and the tax credit amount is $7,500 and is “refundable” meaning people receive a check from the government if the tax liability is less than the credit.
Bill I was just wondering if you had heard of this.
Seems like an incredible opportunity for anyone who buys a house between April 2008 and July 2009
http://www.federalhousingtaxcredit.com/
Edited 10/29/2008 12:36 pm by mrfixitusa
Replies
This is a interest free loan that has to be repaid over 15 years.
You get out of life what you put into it......minus taxes.
Marv
Seems like a good opportunity for someone to use the interest free loan for:1. repairs or remodeling2. pay off credit cards? otherI was told you pay back $500 per year until the loan is repaid