|
News Flash
First Time Homebuyer Tax Credit Information. Friday, April 10, 2009
Reality of 2009 Stimulus Check. Friday, April 10, 2009
Home construction drops far more than expected Wednesday, February 18, 2009
Obama housing help plan pledges up to $275 billion. Wednesday, February 18, 2009
News on The Passing of the $787 Billion Stimulus Bill Tuesday, February 17, 2009
This Weeks Mortgage Rates - Missouri Tuesday, February 17, 2009
Groundhog sees it's shadow Monday, February 02, 2009
7 Steps to a 720 Credit Score Monday, January 26, 2009
Personal Guide to Surviving the Credit Crunch- Video Monday, January 26, 2009
Today's Rates Current Monday, January 19, 2009
Mortgage applications up 48 percent due to interest rate drop. Monday, December 29, 2008
Tips about Insurance every homeowner should know. Saturday, November 15, 2008
FHFA Announces Loan Modification Program for Fannie, Freddie Tuesday, November 11, 2008
Where you can look to find a job in these tough times Tuesday, November 11, 2008
Another Big Bank Moves to Assist Homeowners and Itself Tuesday, November 11, 2008
What is Mesothelioma? Wednesday, November 05, 2008
Foreclosures of Homes Drop 12% as State Laws Slow Mortgage Defaults Tuesday, October 28, 2008
Top Ten Things to Know if You're Interested in a Reverse Mortgage Thursday, October 23, 2008
More stimulus on the way? Wednesday, October 22, 2008
How the financial bailout will affect you Wednesday, October 15, 2008
Bush and Paulson expect economy to improve with time Wednesday, October 15, 2008
IRS promises fix to stimulus check problem Wednesday, October 15, 2008
Social Security recipients to get benefit hike soon, but steep costs eat up checks Monday, October 13, 2008
Fed Approves Wells Fargo Purchase of Wachovia Monday, October 13, 2008
Credit Repair. Possible ? Monday, October 06, 2008
House Approves Financial Rescue Plan in 263 to 171 Vote Monday, October 06, 2008
Wachovia Bank Says Deal With Wells Fargo Still Stands, Citigroup Can Top Offer Monday, October 06, 2008
Countrywide Customers to Get Foreclosure Assistance Monday, October 06, 2008
White House, lawmakers to seek new bailout deal Tuesday, September 30, 2008
House set for vote on massive financial bailout Monday, September 29, 2008
ARE YOUR RATES ABOUT TO ADJUST?
If so, your monthly payments could be inArcreasing by AS MUCH AS 40%! We can help you lock into a 30-year fixed rate.
CALL 314-570-9897 TODAY!
First Time Homebuyer Tax Credit Information.
Friday, April 10, 2009
You may not have to repay the credit, depending on when you bought the house.
If you buy a house between January 1, 2009, and December 1, 2009, you could receive a credit for 10% of the home's purchase price, up to $8,000. This credit does not have to be repaid as long as you own the home for at least three years.
If you bought a first home between April 9, 2008, and December 31, 2008, you are eligible for a tax credit of 10% of the home's purchase price, up to $7,500 -- but the credit must be repaid over 15 years, starting two years after you claim the credit. If you sell the home before you finish paying back the credit, the balance is due in full the year of the sale.
The 2008 and 2009 credits begin to phase out if your modified adjusted gross income is more than $75,000 (or $150,000 if you're married filing jointly). The credit disappears entirely after your income reaches $95,000 if you're single, or $170,000 if married filing jointly. You are considered a first-time home buyer if you (and your spouse, if you are married) didn't own a primary residence in the past three years. The credit does not apply to rental property and vacation homes.
|
