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Archive for May, 2009

Get the REAL story on the tax credit:

REALTOR® Magazine-Daily News-HUD: Tax Credit Can Be Used on Closing Costs

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A few weeks ago, a LOT of excitement was generated around the announcement that first-time buyers could now use their $8,000 tax credit as part of their downpayment. Unfortunately, that is NOT the case – the decision was reversed.

However, the GOOD news is that it is a fabulous time to buy your first home. Mortgage rates are low, low, low. The tax credit is still in effect until December 1, 2009.

Not sure where/how to begin? Feel free to email me – I’d be happy to help.

To read about the reversal, see below:

Tax credit ineligible for down payment

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I am happy to report that Spring has brought a very busy real estate market!  I am grateful for the business.  I am grateful for President Obama’s $8,000 tax credit for first-time buyers.  I am grateful for the lower-than-ever mortgage rates for those who qualify.  And I am grateful for my wonderful, energetic, enthusiastic first-time buyers who are stepping up, getting out, and BUYING homes!  We’re buying in Woburn, Wakefield, Arlington, Stoneham, Melrose, and Winchester. It’s such a wonderful time to buy a home!

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