Comments for Home Loans & Money http://www.homeloansandmoney.com Home loans, rates, credit, the financial markets impact on mortgages & other items that interest me. Sun, 05 Sep 2010 09:48:40 +0000 http://wordpress.org/?v=2.6.5 Comment on First-Time Homebuyer Tax Credit by Daniel http://www.homeloansandmoney.com/?p=37#comment-13 Daniel Tue, 24 Feb 2009 21:05:35 +0000 http://www.homeloansandmoney.com/?p=37#comment-13 That's fine. I appreciate the help. Wish they could of given those from the previous bill a break, but hey, I can't complain since I do benefit from this. That’s fine. I appreciate the help. Wish they could of given those from the previous bill a break, but hey, I can’t complain since I do benefit from this.

]]> Comment on First-Time Homebuyer Tax Credit by admin http://www.homeloansandmoney.com/?p=37#comment-12 admin Tue, 24 Feb 2009 15:56:42 +0000 http://www.homeloansandmoney.com/?p=37#comment-12 I'm sorry I misunderstood. The increase is only if you close in 2009. If you bought last year it is the $7500 amount. I’m sorry I misunderstood. The increase is only if you close in 2009. If you bought last year it is the $7500 amount.

]]> Comment on First-Time Homebuyer Tax Credit by Daniel http://www.homeloansandmoney.com/?p=37#comment-11 Daniel Tue, 24 Feb 2009 14:52:57 +0000 http://www.homeloansandmoney.com/?p=37#comment-11 Thanks for the information. I was unaware that it changed for those who purchased in June of 2008. Don't we still fall under the $7,500 credit? If the new stimulus affects those who purchased in 2008, that would be great, but it doesn't appear TurboTax is aware of it yet. Thanks for the information. I was unaware that it changed for those who purchased in June of 2008. Don’t we still fall under the $7,500 credit? If the new stimulus affects those who purchased in 2008, that would be great, but it doesn’t appear TurboTax is aware of it yet.

]]> Comment on First-Time Homebuyer Tax Credit by admin http://www.homeloansandmoney.com/?p=37#comment-10 admin Tue, 24 Feb 2009 03:51:00 +0000 http://www.homeloansandmoney.com/?p=37#comment-10 I have not seen or read anything that would lead me to believe that the tax credit will affect your credit. And keep in mind, with the recent change it is now $8,000 and if you stay in the home for at least 3 years you do not have to pay it back. Of course there are restrictions and as soon as I have a better summary of the Bill I will post the information. Lee I have not seen or read anything that would lead me to believe that the tax credit will affect your credit. And keep in mind, with the recent change it is now $8,000 and if you stay in the home for at least 3 years you do not have to pay it back. Of course there are restrictions and as soon as I have a better summary of the Bill I will post the information.

Lee

]]> Comment on First-Time Homebuyer Tax Credit by Daniel http://www.homeloansandmoney.com/?p=37#comment-9 Daniel Tue, 24 Feb 2009 00:45:28 +0000 http://www.homeloansandmoney.com/?p=37#comment-9 My biggest question/concern is how taking this tax credit will affect my credit score and ability to get future loans within the 15 year period. This doesn't seem to be answered anywhere. Thanks! :) My biggest question/concern is how taking this tax credit will affect my credit score and ability to get future loans within the 15 year period.

This doesn’t seem to be answered anywhere.

Thanks! :)

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