There is a $6,500 tax credit for move up buyers, so if you are considering selling your home and purchasing a new home then you may qualify. There have not been any government incentives for refinancing your current mortgage.
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Thanks for your question. Unfortunately for you, no, refinancing does not count. The $6500 tax credit is for people that is buying a new home. It is the way the government has to incentive the current buyers to buy some of the inventory out there.
It is a great time to buy specially for 1st time home buyers out there. Low interest rates, great mortgage programs, large number of homes to choose from and the tax credit. Could not be better!
Best of enjoyment in your home though.
Ine De La Cruz
No sorry, you had to purchase a new primary residence to qualify. In order to qualify the buyer has to be in their current primary residence for at least 5 of the last 8 years and there are also salary requirements.
Remax Realty 9