First time homebuyer credit repayment details worth checking out

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Real Estate Agent

Valuable First time homebuyer Credit Repayment Information

Just visited H&R Block online to review a summary of the new stimulus package. It appears first time homebuyers who qualify for the credit may also have repayment waived after 36 months if they meet other criteria including: the home is still their primary residence and has not been sold. Refer to the stimulus package for details but on first glance, this could be incentive for those who qualify. H&R Block Link

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Rainmaker
911,024
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Although it will take some time the new stimulas package should help out the Real Estate market. It would have been nice if the max rate stayed at 15k but I guess 8k will have to suffice.

Feb 19, 2009 07:41 AM #1
Rainmaker
622,711
Sandy Shores Broker, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County FL Real Estate

Hey Miss Teresa, How the heck have you been? I hope that you are finding business to be brisk. It has certainly picked up here.  Life is good.  Best of everything to you!

Feb 26, 2009 10:58 AM #2
Rainer
54,317
Teresa Berry
Seattle, WA

Bill Gassett I agree it should help the real estate market and what a nice treat for 1st time home buyers who meet the criteria to have repayment waived down the road, That I like!

There she is the beautiful Sandy Shores of Florida! Great to hear biz is brisk for you (wonderful news) Met my buyers for their signing this morning at escrow and the transaction already recorded - so I'm going to say Yes!....Life is good!

 

Feb 27, 2009 12:35 AM #3
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Rainer
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Teresa Berry

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