The 2010 home buyer credits to help real estate bailout.The economy has affected all of us with financial problems and our dreams of owning a home are passing away. Then I heard about this tax credit that may change all that and help the economy too. The senate has a proposal where they are offering first-time home buyers, or those who have not owned in the last three years can receive up to an $8,000 tax credit with a Real Estate Bailout.
Homeowners and those who have lived in their current home consecutively for 5 of the past 8 years can receive also up to a $6,500 tax credit. Now this to me sounds like a great way for those wanting a home to have a chance and save money, while giving a jump start to the housing market and the economy at the same time. So, if you are still renting a house or apartment this is your chance.
You can save with this offer, they may not have any more future extensions, so all qualified home-buyers are urged to act and have a written binding contract by April 30, 2010. Income limits are now $125,000 for singles, $225000 for married couples with a $20000 phase-out of the credit for both. This may help you in getting a home of your own and give someone a much needed job at the same time. Checkout the video bellow and see for yourself.
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