First time home buyer Credit and Refinancing.

Profile picture for AmaJP
I bought a home early this year as a first time home buyer. I am eligible for $8k tax credit. Lately , interst rates are fallen significantly.Now, I am thinking of refincing.Would I still be eligible for  the first time home buyer credit?
Thanks,
Amar
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November 27 2009 - Citrus Heights
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Profile picture for MikeEmery
Yes. Refinancing has no impact on your ability to file for the tax credit. Whether it would make sense to refinance in less than a years time (due to fees, etc) is up to you.
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November 27 2009
Profile picture for Mich90650
Great question, the first time homebuyer tax credit has no effect on the interest rate you have. Depending on what type of financing you used to purchase your home there are limited fees refinancing options available. I would be happy to discuss these in detail with you. Feel free to give me a call, i'm here to answer any additional questions you may have.
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November 28 2009
 
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