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owner finiancing

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tglancy111159 Joined: 27 Oct 2009 Posts: 1 1.00 Dollars($)	Posted: Tue Oct 27, 2009 11:59 pm    Post subject: owner finiancing I'm trying to buy a home for sale by owner for 78,000 with 20,000 down. They would like for the loan term to be 12 years at 10%. Will I still be eligble for the first time home buyer tax rebate. What type of paperwork needs to be done for this purchase to be completly legal.
sara Moderator Joined: 05 Jul 2006 Posts: 1679 Location: New Brunswick, New Jersey 315.11 Dollars($)	Posted: Wed Oct 28, 2009 2:00 am    Post subject: Hi tglancy, A query similar to yours has been answered in the given page: http://www.mortgagefit.com/ownerfinancing/qualify-taxcredit.html Please take a look at it. I hope it'll help you. Take care.

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