New Information on First Time Home Buyer Tax Credit
Both the house and senate have passed the new stimulus package, which is set to be signed by the president sometime in the near future. For all of you out there that have been following the first time home buyer tax credit, here are the proposed changes via www.realtor.org.
Highlights include:
Increase of up to $8000.
Income limits remain intact.
There is no repayment, unless you sell with in 3 years.
Check out all the comparisons of the current credit and the new proposed credit here:
http://www.realtor.org/wps/wcm/connect/b32db1004d05f6338052c5fd73e5610f/government_affairs_tax_credit_chart_021308.pdf?MOD=AJPERES&CACHEID=b32db1004d05f6338052c5fd73e5610f
As usual we are just an email away, so shoot your questions and/or comments our way. We’d love to hear them! 
Happy Home Hunting!
Tags: congress, First time home buyer credit, home hunting, tax credit
