first time home buyer – owner loan

Luis Pezzini asked: The government’s tax credit for first time homeowners is picking up steam as summer comes. That tax credit is as much as $8,000 for properly qualified homeowners. That’s a very good amount, but there are areas of the country that are offering extra incentives, as well as governmental recommendations for an increase [...]

Lee Keadle asked: Many buyers have been asking about the tax credit for home buyers coming up this tax year. Although this topic has gotten a lot of coverage in the news, people have gotten really confused about what it is. So, I wanted to clarify some of the misconceptions I’ve noticed when talking to [...]

Cornell Talley asked: Perhaps, one among the most complex challenges folks face is purchasing the 1st home. With the deposit, closing cost along with the rental cost for the house they are living, it is actually difficult to face all these heavy financial loads. If you already own a house and choosing to buy another [...]

Lee Keadle asked: Many buyers have been asking about the tax credit for home buyers coming up this tax year.  Although this topic has gotten a lot of coverage in the news, people have gotten really confused about what it is.  So, I wanted to clarify some of the misconceptions I’ve noticed when talking to [...]

jeff b asked: It’s been three years since the date I settled the sale of my last home. Am I now eligible for the first time home buyer credit, or are the three years full calendar years from January 1 – January 1? Below is all I can find on the matter:
“If you haven’t owned [...]

tangting_01 asked: I sold my old place on 5/17/06 and bought a new one this year on 5/23/09.
Do I qualify as first time home buyer since I didn’t own a house for 3 years?Javier