homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate: Tom Kelly


Tom Kelly
Tom Kelly
The Real Estate Adviser
Subscriber content preview

June 11, 2009

The Real Estate Adviser: First-time buyers: Know your options

By Tom Kelly
Special to the Journal

The down payment remains the deepest chuck hole on the road to home ownership. But first-time buyers and folks starting over after divorce or bankruptcy now can find more workable, flexible loan programs than any other borrower category.

“For a limited time only,” as they say on TV, first-time homebuyers are eligible for a huge bonus: an $8,000 tax credit, thanks to the recent housing stimulus package. It's called a “tax credit” but if you read all the details, even if you pay less than $8,000 in taxes, you would get credited back the difference with a check from Uncle Sam next year.


 
. . .


To read this story in full login or purchase a subscription.



Previous columns:



Email or user name:
Password:
 
Forgot password? Click here.