Your House Your Home

REALTOR ® Magazine-Daily News-HUD: Tax Credit Can Be Used on Closing Costs

Get the REAL story on the tax credit: REALTOR® Magazine-Daily News-HUD: Tax Credit Can Be Used on Closing Costs Shared via AddThis

UPDATE FOR FIRST-TIME BUYERS! Tax credit ineligible for down payment

A few weeks ago, a LOT of excitement was generated around the announcement that first-time buyers could now use their $8,000 tax credit as part of their downpayment. Unfortunately, that is NOT the case - the decision was reversed. However, the GOOD news is that it is a fabulous time to buy your first home. Mortgage rates are low, low, low. The tax credit is still in effect until December 1, 2009. Not sure where/how to begin? Feel free to email me - I'd be happy to help. To read about the reversal, see below: Tax credit ineligible for down payment Shared via AddThis

April Showers Bring May Buyers!

I am happy to report that Spring has brought a very busy real estate market!  I am grateful for the business.  I am grateful for President Obama's $8,000 tax credit for first-time buyers.  I am grateful for the lower-than-ever mortgage rates for those who qualify.  And I am grateful for my wonderful, energetic, enthusiastic first-time buyers who are stepping up, getting out, and BUYING homes!  We're buying in Woburn, Wakefield, Arlington, Stoneham, Melrose, and Winchester. It's such a wonderful time to buy a home!