$8,000 HOME BUYER CREDIT


The house and Senate both approved the American Recovery and Reinvestment Act of 2009 on February 13th. The President is expected to sign this bill into law this week.

Here’s the BAD NEWS….we didn’t get the $15,000 tax credit for ALL homebuyers as we were hoping.

Here’s the GOOD NEWS….First home buyers will receive an $8,000 credit on their tax returns for homes purchased this calendar year. First time home buyer is defined as not having owned a home in the last three years.

This is a great time to purchase as rates are historically low and inventory is available and the government is stepping up to help!

Also, if you want general refinancing information ( a great time to do that as well), I recommend contacting:
Mike Miller at Riverwood Mortgage
Cellular : 317-730-7049
Mmiller@riverwoodfg.com

The link to the full article about the Recovery Act and what it means to you:
http://www.realtor.org/government_affairs/gapublic/american_recovery_reinvestment_act_home#taxcredit

Please feel free to contact me if you have any questions……