This is a Sponsored Post written by me on behalf of Coldwell Banker. All opinions are 100% mine.
It looks like the US government is doing a lot of good stuff for people wanting to own a house of their own. Whether you're single or married and wanting to achieve the American Dream, you will definitely love this post.
Many Americans are left confuse about what the qualifications and how soon they should start filing their papers. You can actually, first and foremost, watch this very informative video about the coverage and eligibility of this new The 2010 Homebuyer Tax Credits.You can also read the information contained on this site and dig in some useful information for interested first time and previous home buyers.
For first time buyers, you'll love the up to $8,000 tax credit if you bought a house before April 30, 2010. Make sure that you didn't own a house for the past three years to become fully eligible for the loan.
For current married homeowners who have lived in a current home for "consecutively for 5 of the previous 8 years" are also entitled to receive of up to $6,500 tax credit (filing separately, that is $3,500 each). Extensions may seem bleak so make sure that you have everything prepared on or before April 30, 2010 and purchase be complete on June 30, 2010 (close).
Don't think about not being able to pay for the mortgage because the payment scheme will be just as flexible as how the tax credit is offered. Singles who have income limit of up to $125,000 and $225,000 for married individuals.
Take advantage of this once-in-a-lifetime interest-free loan opportunity from the government. Check out the link above to read more.
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