is the rumor correct for another tax credit for 1st time buyer?

You are in California so there is already a $10,000 first time buyer tax credit available to you. Click on my profile and read my blog that has all the details. The California tax credit is first come, first served so take advantage before funds run out. Gregorio Denny -- WeFixRates.Com --

GVDenny is correct about the tax credit in California. You may of heard that Harry Reid has proposed to extend the existing tax credit deadline to Sept 2010. We are Nationwide Direct Lenders and would be happy to provide you with a FREE mortgage quote. Hope this helps.

With the tax credit in Ca. it is based on your taxes owed and divided over a three year period. It will not be in a lump sum and it will just be taken out of taxes owed and rebated back to you. If over a three year period you would have paid 10K in taxes you would get it back but if your tax bracket is lower you will only get how much in taxes you paid. We can help with some of our Govt. subsidised programs. Low income is accepted and alternative lines of credit are used also. www.financialaccessinc.net.