First Time Home Buyer Tax Credit

Thursday, April 01, 2010

Just a few weeks ago, the lower house ratified the new health reform bill that would change the lives of thousands of Americans. This has been the battle cry of the current regime and they were working on it since day 1. He heard the public and he wants change to happen once he gets elected into office. I guess he did stick to his words and have done a lot more. I know how the first time home buyer tax credit has helped a lot of citizens in the past months.

Who doesn't want to have their own place to live?! Shelter has been a necessity since the Stone Age and it isn't anything different now. The situation I think has been doubly hard because of the economic struggle the market has been experiencing. I have some reservations on getting loans from institutions that do not know the real situation out there. Good thing there is available $8,000 tax credit for first time home buyers. This is a good thing for people who just got their jobs and their jobs back. It would relieve them of worrying about getting that needed home. The amount of $6,500 on the other hand will be given to those currently residing in their own homes for about 5 to 8 years. The deal is submission of binding contracts will already end in April 30 and the news is there may never be another time that this will be done. I don't want to frighten you but they are definitely going to all close this by the 30th of June. Only a handful of the general population would be able to benefit from this and if you do not think about your future now, it may be too late. Go ahead and get the first time home buyer tax credit because it's your right to have your own home!


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