Patricia Paul Properties

Patricia Paul Properties

Commentary on Tucson Area Real Estate, Home Ownership, Rental Homes, and Life around the Tucson Community
Tag » Arizona Real Estate News
Mar 31, 2009
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Many people are not yet aware that back in February Congress increased the first-time home buyer tax credit to $8,000, and eliminated the repayment requirement.  This credit is currently authorized  until December 1, 2009.  Who qualifies?  Anyone who is a first-time home buyer, or anyone who has not owned a home for the last three years. 

How does it work?  If you qualify and you buy a home during the designated time frame, you simply file an additional form along with your income tax return, and you are able to take an $8,000 deduction.

If you need more information, or if you'd like a copy of the tax credit form, just contact me.  I'd be happy to send you one. 

If you're thinking about buying a home, now is an even better time!


Mar 21, 2009
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Interest rates fluctuate from day to day, and for the last couple years they have remained relatively low.  But at this writing they are at historic lows.  Rates are generally based upon a consumer's credit score and credit history.  For a fixed rate 30 year conventional mortgage,  best customers can expect rates around 5%.  

With these great rates, reduced home prices, and great selection of inventory out there, now is a great time to buy a home! 

If you would like to see if you qualify for a mortgage, or what interest rate you might obtain, please let me know.  I can put you in touch with several good lenders who can help you.

 


Jan 11, 2009
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Dec 11, 2008
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Dec 02, 2008
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Nov 13, 2008
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Oct 27, 2008
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Oct 23, 2008
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Oct 19, 2008
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Oct 14, 2008
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