Buy And Sell NH Homes With Pelletier Realty Group

Learn About Homebuyer Tax Credit Program

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MORE ABOUT THE HOMEBUYER TAX CREDIT PROGRAM

How does the Homebuyer Tax Credit work?

The Homebuyer Tax Credit is a direct dollar-for-dollar reduction in your federal taxes worth 10% to 50% of the interest you pay on your mortgage.

You can estimate your potential savings by using the following

formula:

"Mortgage amount x loan interest rate = annual mortgage interest paid. Annual mortgage interest paid x Homebuyer Tax Credit rate = annual tax [...]

New Foreclosures in NH are declining

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Foreclosure Deeds

 The 252 foreclosure deed recordings in New Hampshire in November of this year are a decrease of 8% from foreclosure deeds in November of 2011, and a decrease of 5.6% from the prior month. The cumulative total for January through November 2012 is nearly 4% below the same period in 2011, and 10% below the same period in 2010. With signs of improvement in overall economic conditions, as well as some improvement in the statewide and regional housing markets, the number of new foreclosures in New Hampshire will decline slowly. Foreclosed and distressed properties will, however, continue to have a negative influence on the housing market.

 

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