Monday, May 10, 2010

Active Duty Military can still get Tax Credit

The tax credit may have ended for many but there are still some who have an opportunity to take advantage of some government incentives. Active duty military have another year to benefit from the governments tax credit. Get a home under contract by April 30, 2011 and close by June 30, 2011 and you are eligible for up to $8,000 for first time home buyers and up to $6,500 for current homeowners. Since home prices are low, now would be the time to get in touch with a mortgage expert to see if you qualify and for what price range. It is likely that you will find some attractive opportunities out there now that most of the first time home buyers either have something under contract.

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