Comments on: Tuesday Tax Time http://thriveal.com/2008/08/26/tuesday-tax-time-7/ Thu, 04 Mar 2010 17:22:59 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Thriveal http://thriveal.com/2008/08/26/tuesday-tax-time-7/comment-page-1/#comment-100 Thriveal Thu, 23 Oct 2008 00:59:05 +0000 http://thriveal.wordpress.com/?p=275#comment-100 Good question, Charles. It's NOT true that the only home first time home buyers can qualify for are foreclosed homes. You just have to have excellent credit and a good history of paying your past debts, and you are a good candidate. Banks are still handing out mortgages... you just have to be a really good candidate these days. Qualifying for the credit is more of a component of how long you HAVEN'T owned a home. The TYPE of home (your example: new home from a builder) is not really the issue - it all depends on the last time you've owned a home. If you have NEVER owned a home, then you qualify (subjuect to the other income limitations, etc. mentioned above in the post). Thanks for reading, Jason M. Blumer, CPA Good question, Charles.

It’s NOT true that the only home first time home buyers can qualify for are foreclosed homes. You just have to have excellent credit and a good history of paying your past debts, and you are a good candidate. Banks are still handing out mortgages… you just have to be a really good candidate these days.

Qualifying for the credit is more of a component of how long you HAVEN’T owned a home. The TYPE of home (your example: new home from a builder) is not really the issue – it all depends on the last time you’ve owned a home. If you have NEVER owned a home, then you qualify (subjuect to the other income limitations, etc. mentioned above in the post).

Thanks for reading, Jason M. Blumer, CPA

]]> By: charles http://thriveal.com/2008/08/26/tuesday-tax-time-7/comment-page-1/#comment-101 charles Wed, 22 Oct 2008 15:58:00 +0000 http://thriveal.wordpress.com/?p=275#comment-101 My comment is really a question, it has been mentioned that, for a first time home buyer, the only properties that will qualify are those in foreclosure or pre forclosure, is this true? Another way to ask it is, if I am a first time buyer and buy a new home from a builder, will it qualify for the credit? My comment is really a question, it has been mentioned that, for a first time home buyer, the only properties that will qualify are those in foreclosure or pre forclosure, is this true?
Another way to ask it is, if I am a first time buyer and buy a new home from a builder, will it qualify for the credit?

]]>