The opportunity of a lifetime is at hand – right now.
November 10, 2009 by John Abry · Leave a Comment
There May NEVER Be a Better Time To Buy a Home! Plenty of homes are available at affordable prices. Interest rates remain historically low. And to sweeten the pot, there’s the tax credit – up to $8,000 for qualified first-time buyers whose income is within IRS-established limits and up to $6,500 for most other homebuyers. [...]
Rumor – The $8,000 tax credit can be used as a down payment
May 19, 2009 by John Abry · Leave a Comment
Open mouth – insert foot – Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, last Monday said that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment. A HUD/FHA letter was published on the website Monday [...]