Under One Roof Blog
Everything You Need To Know About Home Mortgages

According to CNN Money President Obama signed a bill that will extend the $8,000 homebuyer tax credit to contracts signed by April 30 and closed by June 30. The controversial credit, which many say has boosted home sales in recent months, was set to expire after Nov. 30. The bill also creates a $6,500 credit for those who buy a home after living in their current house at least five years. That measure will apply to contracts signed by April 30 and closed by June 30. The current credit defines a first-time homebuyer as someone who has not owned a residence within the past three years. The credit will be available only for the purchase of principal residences priced at $800,000 or less. For the full article please read: