Tag Archive | "stimulus"

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How Will the First Time Homebuyer Tax Credit Help Creative Borrowers?

Included in the federal stimulus legislation is a first time homebuyer tax credit. In a nutshell: citizens purchasing a home for the first time can receive a credit of up to 10% (or 8k) of the purchase price when they file their taxes. Market Watch reports: “In the earlier Senate version of the bill, the [...] [...more]

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Creative Re-Financing: Obama’s New Foreclosure Plan

Under the new Homeowner Affordability and Sustainability Plan, a whopping 9 million Americans may be able to refinance with lower rates and incentives for paying on time. Although the complete details won’t be available until the beginning of March, the White House just released their preliminary plans. Basically, there are two groups of people the [...] [...more]

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