Five Stars Mortgage
There has been much contention over the impending expiration of the $8,000 first time home buyer tax credit. The tax credit is a stimulus incentive that was set to expire on December 1st 2009.
The tax credit allowed first time home buyers purchasing their primary residence to receive a tax credit of up to $8,000. With the expiration of the program many feared that home sales would declined and a market recovery would be further delayed.
One of the biggest factors driving Florida Mortgage home owners into the first time home buying market has been the Government’s $8000 tax credit incentive.
This program has been a huge advantage to first time home buyers (technically classified as anyone not having owned a home in the last three years) that had previously been on the fence wondering when the market was going to hit bottom.
In what could be a huge boost to the housing market, HUD Secretary Shaun Donovan
