The THDA (Tennessee Housing Development Agency) is offering a new alternative to their Great Start program.  Buyers who need help with thier downpayment can get a 3.5% second mortgage with payments deferred until 6/1/2010.  This allows first-time buyers to use the anticipated $8,000 first time buyer tax credit toward a purchase now.  The 2nd mortgage may [...]

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First time home buyers who qualify for the $8000 tax credit can claim the credit on thei 2008 tax return!!  Even if you’ve already filed your taxes you can file an amended return and claim the credit now.
There are a few important things to know about this Tax Credit from the Stimulus Plan…
1.  You Don’t Have to Pay it [...]

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