A little over a week ago, I mentioned that Congress was hinting at sweetening the home buyer tax credit a bit, and it appears now that we’re a few steps closer to such a measure, as the Senate voted unanimously to add an improved Home Buyer Tax Credit to the proposed stimulus plan. While this […]
Congress Sweetening The $7,500 Home-Buyer Tax Credit?
January 27, 2009 by
Since it was announced in late 2008, the $7,500 home-buyer tax credit has received mixed reviews, mostly because as it currently stands, it has to be fully repaid in 15 years. So basically, it’s an interest-free loan (not such a bad thing in itself), rather than a true tax credit. Good news though… apparently, the […]
Housing Tax Credit Analyzed
August 21, 2008 by
As usual, Richard Mize hit a home run with his recent review of the Housing Tax Credit. Personally though, I don’t see a huge problem with the increased down payment requirements for FHA loans. Sure it makes it tougher for those looking to jump into home-ownership, and it slows sales to some degree, but a large […]
