hockeyscott76 asked:


I am considering taking out a 401K loan to invest in an IRA in order to lower my adjusted gross income so that I may take the first home buyer tax credit that was introduced last month. Is there a tax penalty for doing this?

first home buyer loan

David L asked:


I have never bought a house but my wife did have one when we got married that we now live in. My name is not on the loan but we do have joint bank accounts. Does my wife’s homeowners status disqualify us from the 8k credit?
My wife would not be on the loan for the new house–does that change answer number 1?

first home buyer loan

bigmommamitch asked:


Can I still get the $8000 first time Home Buyer credit if I purchased my home in 2006 but received a modification from my mortgage company in 2/2009 so my loan has stated over again). It has still been under 3 years that I have had the home.

first time home buyer loan

Bobby M asked:


I am doing an assignment. I need to find the marginal tax rate, property tax rate, and mortgage rate for the cities of Amarillo, Texas, Nassau Suffolk, New York and Mount Vernon, Washington. I need them for the years 2000, 2004, and 2008. Can anyone tell me where I can find this information on the internet.

mortgage rate

Ms Lucy B asked:


I was given a Career Survey assignment to find out the Weekly/Monthly/Annual Earnings of this below professionals. I have answered the rest but can not figure out a range for this professionals ..Someone answer.

I need Weekly, Monthly and Annual Earnings/Salary/Income of this professionals.

-Self-Employed Contractor of landed property.
-Educator .
-housewife on a disability check .
-An Bank Employee.
-Retired Postmaster.
-Contractor.
-Nanny.
-Bank Underwriter
-FARMER/RANCHER
-General Motor Employee
-Engineer
-Small Business Owner
-Kitchen Manager
-President of An associate survey.
-Real Estate Consultant
-Loan Processor
-Taxi Driver
-Registered Nurse
-Home Improvements
-Financial Analyst
-Home Health Care Worker.

Thanks

first home owner loan

Surjit T asked:


I am a 1st time home buyer and am in a high tax bracket (33%). I am considering whether I should accept points and buy down the rate and claim all the points (approx $11,000) in the current year when I file my returns next year? This is not a refinance mortgage.

first home buyer loan

Rossonero NorCal SFECU asked:


Or does prop. 13 force counties to stick with the original price a buyer paid for the home? I want to take a very small home equity loan out ($5,000), but it may not be worth it if my tax bill goes up 50%.

first time home buyer loan

ariasthree asked:


If the home is bought cash by someone else and deed put in my name immediately? Or only if you finance through a loan??

first home buyer loan

Fort Sill Army Wife asked:


When will the tax credit be available? I tried filing for it online and it says it isnt yet available. Would a tax office have it or does it come out online the same time as the office? I know its not a rebate its an interest free loan…so I dont need any preaching about it. Thanks
i went to h r block online and turbo tax and neither have it yet

first home buyer loan