Can I Really Own a New Home for $900 a Month?
Are you currently renting? In many cases, the amount of money a renter spends on rent can be about the same as or less than the amount a homeowner spends on a mortgage.
With the tax benefit for homeowners, the savings can be significant. Plus, if you are a first time homebuyer, you may qualify for a $7500 tax credit.
If you've never owned a home, or haven't in the last three years (that is, 2006, 2007 or 2008), you may qualify for what could be a great opportunity.
This is a temporary credit, only available on homes that close on or before June 30, 2009. And the credit applies in the year it's claimed on your taxes. So depending on when you close, you may be able to apply it to your 2008 or 2009 return.
Visit federalhousingtaxcredit.com to learn more.
