Category Archives: homebuyer tax credit

Another Home Buyer Tax Credit Extension Granted? Not really, read the fine print …


Congress “extends” First Time Home Buyer Tax Credit deadline to Septemeber 30th – well not really. They extended the CLOSING DEADLINE to the end of September for buyers who went under contract before April 30 but this does not mean it is a true extension.

Special one-year Homebuyer Tax Credit Extension for Members of the Military, Foreign Service and Intelligence Service


Home Buyer Tax Credits Have Expired BUT service members who were on official extended duty outside of the United States for at least 90 days between Jan.1, 2009 and May 1, 2010, may qualify for a one-year extension.) Special rules for eligibility also apply for members of the foreign service and the intelligence community. CongressContinue reading “Special one-year Homebuyer Tax Credit Extension for Members of the Military, Foreign Service and Intelligence Service”

Mortgage Credit Certificate


The Mortgage Credit Certificate Program allows qualifying first-time homeowners to claim a federal tax credit of up to 20 percent of their annual mortgage interest paid. Pretty neat! Following is the reprint of the information provided by the Washington State Housing Finance Commission: Federal Income Tax Credit for Homebuyers MCCs are not mortgages… they areContinue reading “Mortgage Credit Certificate”

Tax Time – A joyful time for homeowners


It is tax time. Yes, I know most people dread this time but for home owners this can be a joyful time. There are some really nice deductions and credits homeowners can take advantage of. Have fun with your 2009 tax filing and save some dough! – tax credit for first time home buyers– taxContinue reading “Tax Time – A joyful time for homeowners”

Smart Homebuyers are focusing on taking advantage of favorable rates along with the Tax Credit


Smart home buyers are focusing on taking advantage of the present, very favorable rate situation along with the still available tax credit. Rates are likely to go up: Please note that the main reason interest rates are so low is because the government is buying mortgage backed securities, or you may have heard the termContinue reading “Smart Homebuyers are focusing on taking advantage of favorable rates along with the Tax Credit”

Kerstin Brooks – Seattle – Real Estate Sales – Biznik


Kerstin Brooks – Seattle – Real Estate Sales – BiznikFirst Time Homebuyer Workshop Topics covered: Loan Application ProcessFirst-time Homebuyer Tax CreditMarket ConditionsOwn vs. Rent IllustrationHome Buying ProcessFor Sale by Owner (FSBO), bank-owned, short-sale properties.Q & A Presenters: Micah Cade of Choice Home Finance Broker #510-MB-29714 Phone: 253.732.1432 Email: micah@choicehomefin.com Kerstin G. Brooks (Brooks & HeinzeContinue reading “Kerstin Brooks – Seattle – Real Estate Sales – Biznik”

Housing Recovery? Not so fast?


I received some feedback and questions about one of our July blog entries regarding signs of a recovery in the housing market. The entry was entitled: Housing Market is Showing Signs of Recovery. Some of my clients wanted to know if this meant they will stop “losing money” and that their property prices would goContinue reading “Housing Recovery? Not so fast?”

Get "moving" first time home buyers, time is running out!!!


Time is running out for first time home buyers to take advantage of the $8,000 tax credit. We are in the month of August now, and time is slipping away to take advantage of the $8000 first time home buyer’s tax credit. There is a deadline looming for this opportunity. Your home purchase must beContinue reading “Get "moving" first time home buyers, time is running out!!!”

What is the Homebuyer Tax Credit and who qualifies for it


The stimulus plan that President Obama has signed into law as part of the American Recovery and Reinvestment Act of 2009 contains an important tax credit for first-time home buyers: a tax credit of 10% of the purchase price, up to $8,000 for first-time home buyers only. First-time buyers, for the purpose of this credit,Continue reading “What is the Homebuyer Tax Credit and who qualifies for it”