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If I am purchasing a home needing my parents to co-sign which makes it an investment loan, but I am the only one on buy-sell agreement and it will be my primary residence, do I still qualify for the $8,000 tax rebate?

If I am purchasing a home with parents co-signing which makes it an investment loan, but I am only one on buy-sell, do I still qualify for $8,000 tax credit? by Kristy Kohl from Custer, Montana. Jan 30th 2010 Reply


Kristen Harris (Kristen Harris)
#3 ranked lender in Utah - 25 contributions

Kristy,If a parent co-signs on a mortgage loan to help their non-dependent child buy his/her first home their eligibility does not affect their child's ability to qualify for the $8,000 tax credit.Interest rates are at an all time low, making now the perfect time to purchase a new home!A pre-qualification or pre-approval from a lender can be useful in searching for and making an offer on a new home. Sellers can be very receptive to potential home buyers who have already begun the mortgage process.Loan products vary from one lending institution to another, so be certain to compare rates and terms. The rate of interest you pay can greatly affect your monthly payments and the over all costs involved in obtaining and paying off your home loan. Finding the best interest rate available to you will definitely save you money. While shopping for a mortgage, check the current interest rates as well as projected fluctuations in the market. Interest rates are currently at an all time low but even slight periodic changes can mean more money out of your pocket.Each lender and loan product will have unique terms and conditions. You interest rate will be based on several factors, including your credit score. Generally the higher your credit score, the lower the interest rate you will pay. Shop around for the best lender and home loan for your situation.No matter what your financial situation or credit score, finding a home loan with the lowest possible interest rate can save you thousands of dollars over time. Becoming a homeowner is one of the smartest financial and personal decisions you can make, but it can also be one of the scariest and most expensive. You need a professional that will work for your best interests, every step of the way. That's exactly what you'll find when you work with Home Savings of America. I'll help you explore all your mortgage options and find the one that's best for you. Please feel free to contact me by phone (801) 285-8910 & (866) 590-3939 or by email, kharris@myhsoa.com to explore your loan options today! Kristen HarrisBranch Manager Home Savings of America A Federally Chartered Savings & Loan Since 1934Direct: 801.285.8909Toll Free: 866.590.3939Fax: 866.724.3848 E-Mail: kharris@myhsoa.comWe're Celebrating 75 Years! We're no stranger to tough economic times - we opened our doors during the Great Depression and 75 years later, we're still growing.

Jan 31st 2010
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Good morning my dear brothers and sisters in Christ, I am Mr Woodson Heather, a reputable, legitimate and accredited money lender. I loan money to Christians and trust worthy people in need of financial assistance at 3% interest rate. Do you have a bad credit or are in need of money to pay bills? Let me take this medium to inform you that I assist beneficiary reliable as I'll be glad to offer you a loan from a minimum of $5000 and above.Please write with the below information. After the reply, you will be sent a loan application form to fill. (There are no credit check, 100% Guaranteed!) I hope you will allow me to be of service to you. Sincerely. Contact us via email: (woodsonloanagency@yahoo.com) with the Applicant Information below:Full Name;Country:Amount Needed;Monthly Income:

May 9th 2010
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