We are concerned about how under-publicized the First Time Buyer tax credit is! This was one of the first economic stimulus programs created, but hardly anyone knows about it.
What am I talking about?
The IRS is allowing first time buyers, or a buyer who has not owned a home in the last three years, to take advantage of a $7500 credit. So, when the buyer files his return, if he owes nothing, they send him $7500. If he owes a $1000, they send him $6500 and so on. The idea is to put money back in the hands of the consumer so he can then invest it back into the economy: buy some clothes, tires for the car, eat out once in awhile, etc. Is it an outright gift? No, but for the next 15 years, when returns are filed, the buyer pays back $500 per year, via his tax return, INTEREST FREE! Can you find anyone else who will loan you money without interest and payable by only $500/year?
Contact us for more details...this is something to take advantage of!
Monday, February 2, 2009
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