First Time Home Buyer Tax Credit for Collegeville Area Buyers

Do you know about the terms of the recent First Time Homebuyer's Tax Credit?

(1) YOU MUST SETTLE BY NOVEMBER 30th of 2009.

(2) YOU will receive a TAX FREE CHECK FOR $8,000!

(3) There is NO REPAYMENT for purchases made after January 1, 2009.

(4) FULL amount of credit for single buyers not making over $75,000 and $150,000 on a joint return.

(5) You only have to stay in the residence for 3 years to owe NO REPAY!

(6) You must have been MORTGAGE FREE for 3 years.