Within the new administration’s stimulus plan is an array of programs to help millions of homeowners refinance or modify their mortgages. The program has “teeth,” but requires everyone to make a contribution. Mortgage investors, servicers and borrowers all have to participate. First and foremost, the plan aims to help reduce the wave of unnecessary foreclosures [...]
Posts Tagged as ‘Stimulus’
November 21, 2008
Housing & Recovery Act: Tax Credit For First-Time Homebuyers
First time homebuyers purchasing a new or pre-existing home may be eligible for a tax credit up to $7,500* for a married couple filing jointly or a single individual, or $3,750* for a married couple filing separately.
To Qualify:
Loan must close on or after April 9,2008 and before July 1, 2009
Property type must be a single [...]
