In February Congress passed a bill that would give you $8,000 for purchasing your first home with virtually no strings attached.
It’s very simple. If you haven’t owned a primary residence in the last three years or you’re purchasing your first home, you likely qualify to receive $8,000 from the government just for making your purchase between January 1st and December 1st, 2009. Yes, that says December 1st and not the 31st. The dates are about as tricky as it gets.
Here are two quick facts:
1.) Interest rates rose nearly .5% last week and are expected to rise to somewhere around 6.5% by the end of the summer.
and,
2.) A recent national survey showed that nearly 54% of first-time home buyers did not know about the $8,000.
If you’re thinking about buying a home then consider the impact of rising interest rates before you delay because home prices and interest rates likely won’t be this low at the same time again in our lifetimes. If you’re a first-time home buyer then this is the perfect time to make the leap from renter to owner and get $8,000 in the process.
If you have home buying questions: Ask Zeus. We’re Smarter. I look forward to us helping you.
My warmest regards,
Steven Kaufman
President of Zeus Mortgage
PS - Unmarried joint purchasers, like a father and son, can still receive the $8,000 payable to the buyer who qualifies. Also, owning a vacation home or investment property doesn’t disqualify you from the $8,000.
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