First-time homebuyers should take advantage of $7,500 tax credit

By Greg Oehler
From GMAC Real Estate:
The Housing and Economic Recovery Act of 2008 (H.R. 3221) signed into law by President Bush in July offers first-time homebuyers a tax credit equal to 10% of the cost of their home up to $7,500. This tax credit is available to first-time homebuyers who purchase a home in the […]