someone said there is a 6 month recapture time of year, not sure what that means?
Answers: It vary depended on the type of loan or down payment assistance you draw from. A Recapture is the return of money invested in the property through a decrease in the loan amount or appreciation. This is usually realised when the house is sold within a certain "period" of time ofter the loan is acquire.
In Simple terms it is approaching a tax that the that may own to be paid if the home sell or transfers in a sure period of time.
Congress determined the benefit of the reduced interest rate should be repaid if relations sell their home inwardly nine years of the date they bought their home with a THDA mortgage loan. This repayment, if any, is surrounded by the form of a tax, call the recapture tax, which applies to adjectives people who obtain a THDA mortgage loan after December 31, 1990.
Answers: It vary depended on the type of loan or down payment assistance you draw from. A Recapture is the return of money invested in the property through a decrease in the loan amount or appreciation. This is usually realised when the house is sold within a certain "period" of time ofter the loan is acquire.
In Simple terms it is approaching a tax that the that may own to be paid if the home sell or transfers in a sure period of time.
Congress determined the benefit of the reduced interest rate should be repaid if relations sell their home inwardly nine years of the date they bought their home with a THDA mortgage loan. This repayment, if any, is surrounded by the form of a tax, call the recapture tax, which applies to adjectives people who obtain a THDA mortgage loan after December 31, 1990.