no, not at all. it is a first-time homebuyer program.
I understand that about the 1st time buyer program but there are two parts . The first time buter and the frequent buyer. Refinancing home does that apply to the frequent buyer program.
NO....refinancing IS NOT BUYING. It is a frequent BUYER program and not a frequent BORROWING program.
oops again...i'm stuck on the 2008 version, i guess. indeed, the $6500 credit applies to someone who is not a first time homebuyer but who has owned for a consecutive 5 year period in the previous 8 years; and of course purchasing a home is far different than refinancing, and refinance transactions are not part of the legislation.
nor is it remotely likely that refinances will ever be considered as eligible for a tax credit such as the first time homebuyer credit we've been discussing.