Making the most of home buying incentives
Buy, buy, buy, is the mantra of Realtors and mortgage brokers across the country. With housing prices stalled, or worse, falling in many regions, how will individuals be able to purchase if money for a down payment is an issue?
To help offset this problem the federal government is trying to push-start housing sales by broadening the use of the housing credit.
The federal stimulus package allows a maximum $8,000 tax credit, which can be used up front for a down payment for first-time homebuyers who purchase a home through November 2009.
* Full story available on The Walton Sun
