First Time Home Buyer Tax Credit Extension – $8000 and $6500 Credit Expiration Getting Close

First Time Home Buyer Tax Credit Extension – $8000 and $6500 Credit Expiration Getting Close

The first time home buyer tax credit extension is likely to be a very hot topic over the next several weeks and the expiration is getting very close – April 30th, 2010.  The opportunity to get an $8000 and $6500 tax credit is coming to an end unless the Obama administration decides to extend this tax credit.

In November the exact same issue came up and the Obama administration decided to not only extend the tax credit but expand it as well.  It is now the case that move up home buyers can receive a tax credit for $6500 while first time home buyers can receive a tax credit for $8000.

With time running short on this tax credit it might be wise to take action sooner rather than later.  While there is a chance that we could see an extension of this tax credit there is nothing set in stone.  If you have been in the housing market you do not want to pass up on the opportunity to put another $8000 in your pocket.

There are many valuable resources available online to help you better understand your options with the first time home buyer tax credit.  It would be very smart to use these resources as it could put an extra $8000 in your pocket.  If you continue to wait you may miss out on not only the tax credit but low mortgage rates as well.

Call us now to get you prequalifed or to get your financing you need, call me direct at 800-874-2744

Brent Platt
CEO

2 Comments

  1. linda says:

    how do i apply for 6500 tax credit . i purchased my home on may 20th 2010 at courthouse auction. there obviously is no binding contract just our deed.

  2. Brent Platt says:

    Hi Linda,

    Please contact me, Brent Platt, at 1-800-874-2744 or by email at bplatt@mmortgage.net and I can give you further guidance. We have many different programs to help you get what you need.

    Thank you,

    Brent Platt

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