Minnesota mortgage and home loan info for first time buyers, MN down payment assistance and more
The 2009-2010 version of the home buying tax credit has passed through Congress and the bill should be signed tomorrow by President Obama CNBC.com is reporting.
The details did not change much from the last posting I wrote. Here are the basics:
The tax credit will apply to purchase agreements accepted on or before April 30, 2010 [...]
There is a bunch of movement today on extending the $8,000 tax credit. Several media sources, including this article from Bloomberg and this one from CNBC, are reporting that Washington insiders think something will get approved this week.
The most likely scenario for approval appears to be a plan that would extend the credit throughout 2010. This plan [...]
Behind the scenes the pieces have been moving into place for a Congressional showdown about extending or amending the current $8,000 first time home buyer tax credit. Right now the options being proposed are the same as they have been for weeks:
Extend the current credit longer–until June or July seems to be the standard time [...]
(10/5/09) On Friday the bad employment news was good for interest rates. Today the bad news is spilling over to something maybe even better for potential home buyers: extending the home buying tax credit. CNBC.com has an article already questioning if the Democrats are in trouble for the next elections–13 months from now–because of the increasing [...]
One of the most repeated questions in any real estate office around the U.S. right now is “do you think they’ll extend the tax credit?” In this case, “they,” is Congress and the “tax credit” is the $8,000 first time buyer credit and it looks like the idea is beginning to pick up steam again. [...]
Note: Several readers have asked that I write a summary of the $8,000 first time buyer tax credit. They pointed out that because I wrote so much on it as it was being rolled out, there are a number of blog posts and it gets confusing. Good point. So, here’s a breakdown you can use [...]
Back when the $8,000 first time buyer tax credit was finalized the end of November seemed so far away. But when you apply the typical timeline of a real estate transaction to today’s calendar we’re more than halfway to the end of this program, which requires that the buyer will have closed on the purchase [...]
An important change was made when Cocngress updated the first time home buyer tax credit passed into law in February 2009. In the previous version of the tax credit, where someone could receive $7,500, buyers were not eligible for the tax credit if they used a Mortgage Revenue Bond loan.
What in the world is a [...]
After weeks of speculation and inaccurate information the final details emerged over the past several days. Here are some of the basics you need to know, and answers to some of the common questions.
First time buyers who purchase a home in 2009 before December 1 will receive a tax credit up to $8,000 (or 10% [...]
