Home buyers can claim 5% of the purchase price or up to $10,000 for purchases made between May 1, 2010, and on or before December 31, 2010, or on or aft er *December 31, 2010, and before August 1, 2011. The credit is available to buyers on a first-come, first-serve basis, and it’s applied in equal amounts over a three-year period. Nearly 32,000 California homebuyers can claim state tax breaks of up to $10,000 starting May 1 under a bill signed by Gov. Arnold Schwarzenegger.
San Mateo, CA -- (ReleaseWire) -- 04/14/2010 -- The state legislature has passed assembly bill (AB) 183, which gives the Franchise Tax Board authority to extend $200 million in tax credits to California home buyers.
Buyers of new, unoccupied homes are allocated $100 million in credits, and first-time home buyers of existing homes get another $100 million. Home buyers can claim 5% of the purchase price or up to $10,000 for purchases made between May 1, 2010, and on or before December 31, 2010, or on or after *December 31, 2010, and before August 1, 2011.
The credit is available to buyers on a first-come, first-serve basis, and it’s applied in equal amounts over a three-year period.
FREE information is provided to consumers regarding First Time Homebuyer Tax Credit at
http://www.californiahousingtaxcredit.com
This site is also loaded with FREE REPORTS, an informative home buying guide, mortgage calculators consumers can use to run various loan scenarios and home buying resources you can use to save time and money before and after you purchase your home.
If you're planning to buy your next home, your first home, that dream home, a condo, vacation home, investment property or looking to refinance in California, you will find that this site is a complete resource full of insider secrets that will allow you to choose the loan program best suited to your financial needs.
Here is just a small sample of the secrets revealed on this site...
*Little Known Secrets That Will Show You How To Improve Your Credit Score
*Important Terms You Must Know BEFORE Obtaining A Mortgage
*Tested and Proven Strategies For Building A Better Credit Record Faster and Easier
*The Top Mortgage Questions Borrowers Must Ask Before Applying For A Mortgage
*How To Finally Stop Renting And Own A Home Of Your Own
*How To Own A Home With Low Interest Rates And A Low Down Payment, Regardless Of Your Credit
*7 Things You Should NOT Do When Applying For A Home Loan
*12 Secrets To Lowering Your Homeowners Insurance Cost Your Agent Doesn't Want You To Know
San Mateo, California - based mortgage expert Mike Ervin specializes in providing information to consumers that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.
Mike Ervin is available for interviews and will welcome all your mortgage related questions.
Call 650-931-0045 for a Free No-Obligation Consultation or visit http://www.californiahousingtaxcredit.com/