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bruce123
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 Posted: Wed Sep 23, 2009 3:26 pm Post subject: fha cashout refi |
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I am currently in a land contract (5 1/2 years) and am near the end of the term. I am on title but not the deed. Am I able to refinace this with a conventional mortgage and take cash out at closing. Or, because I am not on title would this be a purchase? then if it was the latter would I qualify for the $8,000.00 tax credit?
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 jenkin7
Joined: 04 Jun 2007
Posts: 4292
Location: Hawaii
677.83 Dollars($)
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sunnyca2009
Joined: 04 Aug 2009
Posts: 1735
35.94 Dollars($)
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| Posted: Fri Sep 25, 2009 6:04 am Post subject: |
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If your name is not on any title in the last three years then you can get the tax credit. I would not say it will be $8000/-
It will be 10% of yoru purchase price or maximum up to $8000/- |
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