Looking to get a condo for 0K in southern california. Would like to put zero down. My wife and I likely plan to live there for only 3 years. We have no debt. Together we make 0K per year. We have good credit. This would be our first home. Should I get 30 year fixed, interest only, or another product? I am not too clear on the benefits of each. Thank you in advance for your help.
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How does the First time home buyer $10k California tax credit work?
February 13, 2011
I just closed on a home here in California and was wondering how this k tax credit works..in plain english. I have a full time job but pay under ,333.00 a year to the state of CA in income tax. I already sent in my application. If it’s approved…does that mean I can just tell my job to stop allowing the state to take out income tax? I’m assuming if I’m not liable for up to ,333.00 than that means I can just get away with not paying state of CA income tax for 3 years…right?