The $8,000 federal income tax credit for first-time homebuyers is beginning to have a real effect on increased sales!
Let's put it terms of real dollars. If you purchase a Tallahassee home with a $150,000 mortgage at today's 4.8% interest rate, your principal and interest payment would be $787. Your $8,000 tax rebate can be applied to your mortgage payment every month (at $667 every month for 12 months) to make your effective principal and interest payment $120!!
You do not need to wait for your 2009 tax return to receive your $8,000 - simply file an amended 2008 tax return using a simple IRS form, and receive the $8,000 in a few weeks! Call 850.445.2476 for more details!
By the way, there are great entry-level homes in Tallahassee in the $150,000 to $180,000 price range!
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