Posted on: 13th Aug, 2010 02:35 pm
I already got the $8,000 homebuyer credit, and am considering refinancing at a lower rate. I am aware that if you sell the home within 3 years, you have to repay (some or all, I don't remember...) of the credit. However, does anyone know if there are stipulations on refinancing POST-credit? They don't consider a refi to be a sale and repurchase or something crazy, do they? Thanks!
No. As long as you continue to own or reside in the home, you don't have to repay it. Rates are amazing! Definitely go ahead a take advantage while it's hot!
