for first time home buyers...
http://www.visaliatimesdelta.com/apps/pbcs.dll/article?AID=/20080815/OPINION02/808150332/1014/OPINION
Essentially, if you purchase(d) a home for the first time between 01 April, 2008 and 2009 you are eligible for a tax "credit" of up to 10% of the price you paid for your home. It is not a true credit, as you have to pay the government back over 15 years. The max of the credit is $7,500. The interest rate on the pay back is 0.0%!!!!
You can bet your sweet asses that Dirge and I will be applying for this; and you should too if you qualify! This is meant as an incentive to get people to purchase homes since there are so many on the market right now.
If you are doing this, though, I suggest you act fast as there is a cap of $300,000,000 in credits nationwide. I'm going to start looking into the details this week and will act accordingly.
w00t! Interest free loans rock. We will be paying off our credit card in full (about $2,500) and will bank some and maybe get a couple of desired items for the house. Far as I can tell, our most pressing wish list includes:
- both of us need some dental work done
- snowblower
- new TV
- new bed
- eliptical (used)
Essentially, if you purchase(d) a home for the first time between 01 April, 2008 and 2009 you are eligible for a tax "credit" of up to 10% of the price you paid for your home. It is not a true credit, as you have to pay the government back over 15 years. The max of the credit is $7,500. The interest rate on the pay back is 0.0%!!!!
You can bet your sweet asses that Dirge and I will be applying for this; and you should too if you qualify! This is meant as an incentive to get people to purchase homes since there are so many on the market right now.
If you are doing this, though, I suggest you act fast as there is a cap of $300,000,000 in credits nationwide. I'm going to start looking into the details this week and will act accordingly.
w00t! Interest free loans rock. We will be paying off our credit card in full (about $2,500) and will bank some and maybe get a couple of desired items for the house. Far as I can tell, our most pressing wish list includes:
- both of us need some dental work done
- snowblower
- new TV
- new bed
- eliptical (used)