As more details of the extension and expansion of the Home Buyer Tax Credit were released, some of the questions from my blog two days ago have been answered.
It appears that the term "existing home owners" does not mean you have to currently own a home. If you owned a home and occupied it as your primary residence for five consecutive years within the past eight years, you would be eligible if you meet the other requirements for the tax credit.
There are some good details at the following links, which is from the National Association of Realtors, Realtor Action Center.
As a Colorado Springs Mortgage Lender, I strive to stay informed of the latest changes in the industry in order to provide sound advice to those whom I have the opportunity to serve during the purchase of their home.
With over 17 years experience in lending and financial services, I offer my clients a level of competency and service that only comes with experience.
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