New First Time Buyer Tax Credit
August 7th, 2008 categories: Buyers
If you are a first time buyer Uncle Sam is offering a nice incentive of up to $7,500 for buying your first home or if you haven’t purchased a home in the last 3 years.
The credit is more like a loan in that it does have to be paid back over 15 years. However, with no interest compared to a 7% loan you could save up to $4,200 over a 15 year repayment period.
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