We are pleased and excited to announce the roll-out of a new program for buyers… Job Loss Insurance.
This is a cool program to take a little bit of apprehension out of buying a home. In effect, it is an insurance policy that protects the buyer in case of job loss. The policy will make up to 6 payments during the first year of ownership if you lose your job involuntarily (two periods up to 3 months each). It is available with coverages up to $2000/mo.
The First Time Home Buyer Tax Credit isn’t just for First Time Home Buyers anymore.
Previously the credit only applied to purchasers that hadn’t owned a home during the previous 36 months, and that restriction still applies for crediting the full $8000. Here is a little bit about the old credit.
The first thing that came to my mind was Steve Martin in The Jerk.
The new phone books are here!
The new phone books are here!
Today the House passed the Unemployment Extension Bill by a vote of 403-12. Yesterday the Senate Bill passed 98-0. I think it is a slam dunk that the President will sign this legislation in the near future.
The new version of the Homebuyer’s Tax Credit still has the $8000 for First Time Homebuyers, as the version expiring November 30th had. It also allows $6500 for “move-up” buyers, provided they have been in their home more than 5 years. There is an income cap of $125,000 for individuals and $225,000 for couples. Also, there is a price cap of $800,000 for the purchased home.
The time is getting late for those that wish to take advantage of the Tax Credit for First Time Home Buyers, but for those that are going to hit the marks, or for others that might be in their first home, here is a pretty cool site that I ran across…
The company that put the site up is American Home Shield. They are a home warranty company… keep that in mind as you surf the site. There is still some good information, and some contests that might net you a few freebies…
If you haven’t already bought a home, and want to get it done before November 30th… the clock is ticking. Better call me right away…
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