$8,000 from the IRS to buy a home
President Obama and the government have agreed to give home owners a $8,000 tax credit to buy a home. Veteran can take full advantage of this.
The tax credit is only available if you have not owned in the last 3 years.
The tax credit is only good until December 2009.
Say you owe $3,000 in back taxes, you will get a $5,000 from the IRS. Not a bad reward for buying a house.
2009 is a great year to buy if you are a veteran. Prices are low, Interest rates are at historic lows and now you get money from the IRS
So if you buy a house before Dec 2009 this year, you could have $8,000 in taxes eliminated. If you owe less than $8,000 you will get the difference refunded. So if you owe $4,000 in taxes, you will eliminate the $4,000 + get a refund for $4,000! You could put this money in the bank as cash reserves or use it to assist you in furnishing your new house or making improvements.
Additionally, the stimulus plan is raising the FHA and Fannie Mae and Freddi Mac loan limits back up to $729,000 in many parts of California. This means better interest rates and lower down payments for buyers in those higher price categories.
Give me a call if you would like to discuss using a zero down VA Loan to purchase a home. Rob Chomentowski
Sr. Loan Officer and VA and FHA Loan Expert
858-922-7899 (direct)
The tax credit is only available if you have not owned in the last 3 years.
The tax credit is only good until December 2009.
Say you owe $3,000 in back taxes, you will get a $5,000 from the IRS. Not a bad reward for buying a house.
2009 is a great year to buy if you are a veteran. Prices are low, Interest rates are at historic lows and now you get money from the IRS
So if you buy a house before Dec 2009 this year, you could have $8,000 in taxes eliminated. If you owe less than $8,000 you will get the difference refunded. So if you owe $4,000 in taxes, you will eliminate the $4,000 + get a refund for $4,000! You could put this money in the bank as cash reserves or use it to assist you in furnishing your new house or making improvements.
Additionally, the stimulus plan is raising the FHA and Fannie Mae and Freddi Mac loan limits back up to $729,000 in many parts of California. This means better interest rates and lower down payments for buyers in those higher price categories.
Give me a call if you would like to discuss using a zero down VA Loan to purchase a home. Rob Chomentowski
Sr. Loan Officer and VA and FHA Loan Expert
858-922-7899 (direct)
About the Author:
The Federal Government want you toy buy a home, they will give you $8,000 Get a VA or FHA home Today HERE.
posted by Debt Consolidation Loan at
7:28 PM
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