$15k home purchase rebate back in play. hahaa. (mortgage, credit)

[NatasNJ]

The GOP is pushing for it with new stipulations.


GOP Housing Plan Would Expand Tax Credits, Tackle Mortgage Fraud - washingtonpost.com

[proudmama]

Originally Posted by NatasNJ

The GOP is pushing for it with new stipulations.


GOP Housing Plan Would Expand Tax Credits, Tackle Mortgage Fraud - washingtonpost.com

Not so quick, you would have to put down 5% downpayment.

[block911]

Most elements of the plan stand little chance of acceptance in the House, which is dominated by Democrats and which has passed several housing-related measures already this year, such as the $8,000 first-time home tax credit. But Cantor and other Republicans presented the plan as a part of their efforts to bring attention to differences between Republican and Democrats on major issues. Cantor said Republicans expect to present an alternative budget proposal later this week.

[Lusitan]

Buy now or be priced out forever!

[NatasNJ]

Originally Posted by proudmama

Not so quick, you would have to put down 5% downpayment.

I think this credit if ever passed should REQUIRE 20%. If you want to flood the market with qualified mortgages that have little chance to default and be upside in a short period of time then up the down payment requirement. Win win.

[Delphi]

Originally Posted by Lusitan

Buy now or be priced out forever!

Or sell now or be priced IN forever(inflation adjusted )