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Company Loan Type APR Est. Pmt.

Bought first house Nov 2007-refinanced in 2008. Screwed on any tax credits right?

Posted on: 30th Jan, 2010 10:53 am
I bought my first house Nov 2007 and also refinanced in 2008. As far as I can tell there are no tax credits out there for me are there? Also, I have gotten married after the purchase of the home. If we sell and buy a new home under my husbands name could be get any first time tax credits???
i believe that you could accomplish what you wish if your husband were the sole owner of a newly purchased home. however, before you step out on my say-so, you would be well-advised to check with a tax advisor or the irs directly to ensure that to be the case.

as far as the home you're in now, a purchase in 2007 provides you with no tax credit, and refinancing an existing loan at any time will never provide you with the tax credit afforded to first time homebuyers.

you are still eligible to deduct interest paid, along with real estate taxes paid on your home.
Posted on: 02nd Feb, 2010 08:23 am
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