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Answers (2)
- Shaun Moran, "Shaunmoran1"
- Contributions:2
The Tax advantage credit applies to purchases that close after April 8, 2008 and before Dec. 1, 2009.This credit applies only to homes used as a taxpayer's principal residence only and is fully refundable, menaing the credit will be paid out to the eligible taxpayers, even if they owe no tax or the credit is more than the tax owed. The credit is issued when you file your taxes and a credit is claimed by using form 5405.
Many of your questions/concerns can be found on the IRS website. I also suggest that you use a knowledgeable loan officer who knows the "ins and outs" and can guide you accordingly. Although I am in NJ, I am here to answer any of your questions personally, and too, Allied Home Mortgage Capital Corp., has branches all around the country.
Best Wishes!
Many of your questions/concerns can be found on the IRS website. I also suggest that you use a knowledgeable loan officer who knows the "ins and outs" and can guide you accordingly. Although I am in NJ, I am here to answer any of your questions personally, and too, Allied Home Mortgage Capital Corp., has branches all around the country.
Best Wishes!
- Mark Madsen, "Mark Madsen"
- Contributions:8
The main challenge is finding a way to monetize the $8000 tax credit.
Have your loan officer take a look at this article that answers a few of the questions regarding the $8000 tax credit:
Article: "Get Additional Down Payment Money With The $8000 Tax Credit"
Good luck with your purchase.
mm
Have your loan officer take a look at this article that answers a few of the questions regarding the $8000 tax credit:
Article: "Get Additional Down Payment Money With The $8000 Tax Credit"
Good luck with your purchase.
mm
Can the $8,000 tax credit be used toward closing cost(s) on a FHA loan?
What do I need to tell my LO regarding this?
Thanks in advance.
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