On July 30th President Bush signed into law a bill that is designed to assist the housing market in its recovery from the issues that have plagued it for the past two years.
The two biggest ramifications of this bill to consumers are the $7500 tax credit to first-time homebuyers and the elimination of down payment assistance as provided by not for profit organizations.
The tax credit is retroactive to April 8, 2008. It provides up to $7500 in tax credits for any consumer who hasn't owned a home in the past three years or who purchases a home between April 8, 2008 and July of 2009. This is an excellent opportunity for purchasers to invest in a home with extra benefits for doing so.
The tax credit is really structured as a no interest loan...to be paid back in 15 years. This tax credit is important and we suggest that if you are interested in buying a home or know someone who is-please give us a call. We have a business partner who is a great CPA and have arranged for him to give advice on how this affects YOU!
Call me today!
DAVID MENNEN
Mortgage Consultant, Owner
Tippecanoe Mortgage, Inc.
1221 S. Creasy Lane, Suite J
Lafayette, IN 47905
Direct: (765) 448.3200
Fax: (765) 448.6398
Email: dmennen@tippecanoemortgage.com
Website: www.DavidMennen.com
The #1 FHA Lender in Tippecanoe County - Since 2003!
P.S. If you are ready to talk with us right now, call 765-448-3200. If you miss us, please leave your name and number. We will get right back to you.
P.S.S. On my website I offer tons of free consumer reports to help renters, buyers, sellers and homeowners looking to refinance. To get your own FREE copy of these reports, just go to http://www.davidmennen.com/buyer_reports.html!
Local Mortgage services for Greater Lafayette, West Lafayette Indiana, Purdue, Tippecanoe County, and the surrounding areas. Local Service with internet rates! Free Quotes! Visit my website for great financial information. http://www.davidmennen.com/
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