President Obama extends $8,000.00 tax credit.
December 12, 2009 in Member Articles by Shane Kersey City 1st Mortgage
The last few months of 2009 have brought some good news not only in the stock market, but particularly for those considering buying a home. President Obama announced that the government is still going to pay us to purchase our first home by extending the $8,000 First Time Home Buyers Tax Credit, and a new $6500 tax credit for existing home owners is being added. And despite the success that we have seen in the stock market, Interest rates in late November and December have reached new “all time” low’s.
It’s very cliché, and you’re probably sick of hearing it, but it still remains true that home ownership has never been more affordable! When you compare the historically low interest rates with the major tanking of home values, there really never has been a more affordable time to purchase a home. Did I mention that the government is paying you to buy your first home, and maybe your next one?
To take advantage of the tax credit, all you have to do is make sure that you have a contract in place to purchase a home before April 30,2010. You’ll then have until June 30, 2010 to get your loan in place and close. That only leaves a little over 4 months, so get on it!
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Great information. This is an easy way to get people thinking about expanding out of their comfort zones to get in to a home while it still makes so much financial sense. Thanks Shane!
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Member article: Great News! #Tax #Credit Extended
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