IMPORTANT - PLEASE READ:
If you or anyone you know hasn’t owned a home in the last three years, you have until November 30, 2009 to purchase a home or you will be leaving $8,000 that is sitting on the table for you behind.
That is the tax credit (not deduction, credit) that is currently available, but it is only available to purchases closed by November 30, 2009.
That means instead of getting a refund of $250 in March or April, you could be getting a refund of $8,250…it means the government will give you $8,000 if you buy a home. You do have to stay in the home three years or pay the money back, but if you’re like me, you won’t even be done unpacking in three years. And there are income limitations: $150,000 for joint filers, $75,000 for individuals, before the credit begins phasing out.
I am not qualified to dispense tax advice, but if you would like to read it right from the IRS, it’s pretty straightforward – here is the link: http://www.irs.gov/newsroom/article/0,,id=206291,00.html (you may also find some good news here if you bought your home last year).
If you or anyone you know hasn’t owned a home in the last three years, and has a job and decent credit, have them give me a call for a free prequalification before it is too late. Funds for a down payment may not be necessary, 100% loans do still exist, with certain qualifications.
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Carl Trawick
Access E Mortgage
Phone: (904) 343-1145
Fax: (904) 207-7698
ctrawick@nefcom.net
