Federal $8000 Housing Tax Credit Explained For Northern Colorado Real Estate
Be the first to comment on this postThere is a lot of information out there about the $8000 First Time Home Buyers Tax Credit that any Loveland Area Frist Time Home Buyers can take advantage of using. But sometimes, a video can be worth more than 1000 words. Here is a great explanation of the major points of the tax credit, from the Chief Tax Economist from the National Association of Home Builders:
The FAQ referenced at the end of the clip can be read here.
Recently, Bridge Loans made it possible to use some of the tax credit towards the cost of the home, such as for closing costs, as additional down payment, or as part of the mortgage interest rate buydown cost, rather than waiting for the full refund to come later. Be wary of people claiming they can help you get the money quickly though-it is best to consult your Lender and tax professional.
So what does this mean for Loveland Home Buyers? It means that if you qualify for a home, and the time is right for you to buy a home, this tax credit can make it that much more affordable. No one buy yourself can tell you if the time is right to start searching the Loveland MLS for your dream home, and regardless of home prices nation wide taking a hit, you should only go into buying a Loveland Colorado home if you feel the time is right for you and your family-don’t feel like you have to jump on the band wagon just because other’s are claiming the time to buy is now.
The Century 21 Humpal Loveland Real Estate Team is here to help you navigate the waters as you journey towards owning your Loveland area property, so feel free to ask us any questions any time. We are doing what we love, and that is helping you relocate to the Loveland area and find the Loveland homes for sale that fit your needs so you can sit back, relax and pick the one you like the best. We will handle all the stress for you, including helping you get the most out of the $8000 Housing Tax Credit.
If you have any questions about the tax credit, feel free to contact me at century21humpal@century21.com, or leave comments below.
See you soon in your Loveland Real Estate,
Jason
Information deemed reliable, but not guaranteed. |
