Use the Tools!

Somehow the Federal Tax incentive for first time homebuyers has been under utilized...or at least it appears to be so....and it should not be. What a great deal.....a first time homebuyer can literally get an interest free loan from the Federal Government, and pay it back over 15 years.

How it works;
The credit is available for first time homebuyers.
The maximum amount is $7500.
The credit is available for homes purchased on or after April 9, 2008, and before July 1, 2009.
Single Tax Payers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
The tax credit works like an interest free loan and must be repaid over a 15 year period.
For more information go to; http://www.federalhousingtaxcredit.com/

In addition to this tax advantage...which is unprecedented ....it is also a great time to buy...prices are as low as they will go...and at Eastbrook Homes...we are matching the $7500 credit with a special $7500 First Time Homebuyers incentive....contact me for details....

Use the tools and resources available...it can be a great time to buy...now.