first time home buyer – owner loan

Jane S asked: Under the new stimulus first time home buyers get something like $7500 tax credit. If I bought a home in 2009, could I see the benefits in my tax refund when I file this month? Or will I have to wait until I file in 2010?Francis

Mark Goedert asked: First-time home buyers purchasing a home are eligible for the tax credit.  The purchase must occur between 1/1/09 and 12/1/10.  The law defines a first-time home buyer as one who has not owned a principal residence during the three-year period of time prior to the purchase.  With married couples, both spouses must [...]

Bryan Hendersen asked: be thinking about buying your very first home or the first one in the past three years, but aren’t really sure if you should go for it. There are a lot of things to consider when buying a home, especially the finances. In this economy, with all those foreclosures happening, it can [...]

Bryan Hendersen asked: irst home stimulus plan gives first time homeowners the opportunity to grab the American dream and own their own home. The First Time Home Buyer Stimulus Plan is viewed as a method of stimulating the housing industry and to help America get back on its financial feet so it can again be [...]

Primoz Borovnik asked: Therefore if you want to wear shoes while relaxing on a bean bag, then you are free to do so. For many first time home buyers, this is the vision that they have of owning a new house. However that vision can often be obstructed by the payment of fees and monthly [...]

Bryan Hendersen asked: onomy has been suffering for some time and when the recession of 2008 crept in it was obvious to many that something had to be done to stem the tide of worry and disillusionment among our citizens. In 2009 President Obama signed into being an economic stimulus program that was aimed especially [...]

Mark Goedert asked: There really is no great secret to finding a home.  Though there are countless theories and techniques, finding a house comes down to perseverance and luck.  You must be willing to work at putting yourself in the right place at the right time to find your dream home. Consider your needs and [...]

Ili asked: I am on the title of our house, but, not on the loan. Do I qualify as a first time home buyer should I decide to purchase?Brent

RJ asked: My wife and I are getting divorced. We currently own a home and both our names are on the mortgage. If I were to buy my own house in my own name, do I qualify as a first time home buyer?
I live in PAPhillip

thomas j asked: Ex wife was foreclosed on last year, my name was still on the mortgage so the foreclosure is on my credit report. My new wife and I are closing on a home next week and are hoping to take advantage of the 8,000 tax credit for first time home buyers. Does the [...]