Adding someone to title/loan (via refinance) after taking the first-time buyers tax creadit

Ted Jones
Ted Jones
Home Buyer
Jackson, MO

If I take the first-time buyer's tax credit and then get married and refinance with someone that does not qualify for the credit (adding them to the title and loan), do I lose the credit or do the terms still apply?

Mon Feb 9 2009, 06:23 - Home Buying in 63755 - 1 answer
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Dale Weir
Dale Weir
Agent
Saint Louis, MO
FIRST ANSWER

that's not one I've been asked before. I'll have to see if I can find an answer. I'd call the IRS and ask. Don't forget that the state of MO will loan you the tax credit money up front to use for downpayment, closing costs, etc now to, then you pay it back as you get it with your tax refunds.

Web Reference: http://www.yourstlhome.com
Mon Feb 9 2009, 06:52
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