03.24.09
2009 First Time Home Buyer Tax Credit
There is a new tax credit for First Time Home buyers purchasing in 2009 which is a much improved version of the 2008 tax credit. The biggest and most significant difference is that the tax credit does not have to be repaid like the 2008 tax credit as long as the property remains your primary residence for 3 years. Also, it allows a tax credit up to $8,000 versus the $7,500 for the 2008 tax credit. This tax credit might just be what First Time home buyers that are sitting on the sidelines needed to pull the trigger and purchase their very first home. Read all the details on the 2009 tax credit at http://approvedteamlending.com/1st-buyers/2009taxcredit.html.
