tag:blogger.com,1999:blog-613542344243860153.post878905288874649362..comments2023-10-18T10:49:03.350-04:00Comments on McGinnHomes.com Blog: $8,000 First-time Home Buyers IncentiveMcGinn Group of RE/MAX 100http://www.blogger.com/profile/08279667107169014512noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-613542344243860153.post-87968459050979844362009-03-20T13:30:00.000-04:002009-03-20T13:30:00.000-04:00The 2008 Tax Credit of $7500 has to be paid back a...The 2008 Tax Credit of $7500 has to be paid back at $500 per year for 15 years with no interest. <BR/><BR/>The 2009 Tax Credit of $8,000, does not have to be repaid, unless you sell the home again in under 3 years.<BR/><BR/>Basically, if you are a first time home-buyer, and you purchase a home anytime from Jan 1 - Dec 1, 2009 (NOTE that is is NOT Dec 31!), then you qualify for the $8,000 tax McGinn Group of RE/MAX 100https://www.blogger.com/profile/08279667107169014512noreply@blogger.comtag:blogger.com,1999:blog-613542344243860153.post-2856167845995089212009-03-11T21:51:00.000-04:002009-03-11T21:51:00.000-04:00Boyd,The last I heard, I thought that this credit ...Boyd,<BR/><BR/>The last I heard, I thought that this credit was actually supposed to be paid back as an increase in taxes over the next 10 years (or something similar to that). At least that's what I thought that I recalled hearing on the radio...80-Shttps://www.blogger.com/profile/04818980208899699459noreply@blogger.com