Are you a first time home buyer? There may be a grant available for you.

Thinking of buying your first home.  There is still grant money to be had from the Federal Government as well as many State Governments.

The state of New Hampshire provides one first time home buyer cash grant program: Single Family Mortgage Program. You can receive up to 4% of the mortgage amount as a cash grant. For more information, please go to New Hampshire First Time Home Buyer Grant.

Check out this website for more info on both Federal and State programs that may be available to you.

Published in: on August 30, 2010 at 3:25 pm  Comments (1)  

Potential new tax on the sale of your home

Will the new federal health care law imposes 3.8 percent tax on profits from selling your home. The truth is that, starting in 2013, only a tiny percentage of home sellers will pay the tax. First of all, only those with incomes over $200,000 a year ($250,000 for married couples filing jointly) will potentially be subject to the tax. For those with such incomes, the tax will not apply to the first $250,000 of profits from the sale of a personal residence and/or to the first $500,000 in the case of a married couple selling their home.

Published in: on August 26, 2010 at 8:23 am  Leave a Comment