Loan Think

What We're Hearing

It appears that the $15,000 tax credit for home buyers will not make it through the House-Senate conference on the Stimulus bill and instead will be replaced by a $7,500 tax credit. The situation, to say the least, is fluid. There's also no income limit on the credit which is for all home purchasers, not just first-time buyers. According to one estimate, the $15,000 tax credit, as proposed, would cost the Treasury roughly $19 billion over time…

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