Posts tagged as:

tax credit

Relief for those rushing to close before June 30th for tax credit

by Maureen Francis on June 16, 2010

in Metro Detroit,Taxes

Relief might be on the way for harried home buyers, mortgage officers and title companies who are rushing overtime to make sure they close  before June 30th so that their home purchases qualify for the $6,500 and $8,000 tax credits that were offered on purchase agreements signed by April 30th. Our market saw a frenzy of [...]

{ 3 comments }

Homebuyer Tax Credit Deadline Looms!

by Ken Mascia on September 15, 2009

in Buyer Information,Ken Mascia on Mortgages and Finance,Metro Detroit,Taxes

In February the government amended and improved the first time homebuyer tax credit. Just to refresh your memory: 1) First time homebuyers will receive a federal tax credit of 10% of the cost of the home with a maximum credit of $8,000. You get the credit when you file your tax return for the 2009 [...]

{ 2 comments }

More on the First Time Home Buyer Credit

by Maureen Francis on August 23, 2008

in Buyer Information,Finance

Ken Mascia’s recent post on the Mortgage Relief Act resulted in some good questions about exactly what the new law does for home buyers. This week Ken was even featured on the front page of the Oakland Press, where he further opined on the topic. We are always delighted to see Ken’s name in the [...]

{ 3 comments }