Homebuyer Tax Credit DOUBLED to $15,000?
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A part of the stimulus package the Senate is proposing,the $7500 tax credit will be doubled to $15,000. More importantly,the newly proposed $15,000 will not have to be paid back like the $7500,which, in essence, was a interest free loan from the government. But wait there's more. This new tax credit doesn't just apply to first time homebuyers,but anyone purchasing a home. Check out the full story...
Matt
Well,we didn't get a $15,000 first time home buyer tax credit,but they did raise it $500 to $8,000. And, these buyers don't have to pay it back as long as they're in the house for 3 years and they purchase before December 1st. So, the mortgage rates are at historical lows,the home prices are down,and there is $8,000 free money. Is there a better time to buy a home than now?
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