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100 Days Left for Home Buyer $8000 Tax Credit

by Mark Brace

 

Get your pre-approval NOW!  We only have 100 days to have an accepted PA to qualify for the federal tax credit.
 
Also, we are expected to have an announcement from FHA this week.  They are going to raise the up front mortgage insurance premium from 1.75% to 2.25%and reduce the maximum seller paid costs from 6% to 3% (which means more money out of pocket and higher payments). 
 
Get your rate locked in before these changes occur.  More to follow.

First Time Homebuyers Tax Form

by Mark Brace

As part of Congress's stimulus bill, a generous tax credit is available to those buying a home for the first time. If you qualify, you may get up to $7,500 or 10% of the home's purchase price.

In order to obtain the Federal tax credit for first time homebuyers, you'll want to make sure you fill out the forms below.

While the stimulus bill is still changing within Congress, the latest buzz is that it will change to $8,000 for first time buyers only.

 www.markbrace.com/agent_files/1sttimehomeownertaxform.pdf

Displaying blog entries 1-2 of 2

Contact Information

Mark Brace, Realtor, ABR, GRI, CRS, SRES, e-PRO, A
Berkshire Hathaway HomeServices Michigan Real Estate
3000 East Beltline NE
Grand Rapids MI 49525
Direct: (616) 447-7025
Cell: (616) 540-7705
Fax: (616) 447-7025

Berkshire Hathaway HomeServices - Michigan Real Estate is a full service, locally operated real estate brokerage company backed by the strength of a solid national and global brand. Our full service businesses include Residential, Commercial, Relocation, Mortgage, Insurance, Home Services and New Homes & Land. Our core values, service philosophy, cutting edge technology, and most importantly our people are what make us the leading real estate company in Michigan. We are committed to providing the highest quality real estate services possible and making each customer's experience one that surpasses their expectations.