First Time Home Buyer Tax Credit

Here is some information on the First Time Home Buyers Credit Program contained in the Housing and Economic Recovery Act of 2008. It’s a loan from the government which you would pay back interest free over 15 years. At $500 per year worked into your income tax filings it is a relatively painless loan and one that could help you purchase a nice home at a time when home values are very low. Used very carefully this could work to your advantage.

$7500 First Time Home Buyer
Tax Credit

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