Social Media Blog » mortgage incentive http://www.plurkmania.com Finding ways to use Social Media Tue, 24 Jan 2012 06:29:36 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Real Estate Bailout continues through April http://www.plurkmania.com/featured-video/real-estate-bailout-continues-through-april/ http://www.plurkmania.com/featured-video/real-estate-bailout-continues-through-april/#comments Sat, 02 Apr 2011 00:49:58 +0000 admin http://www.plurkmania.com/?p=213 If you are looking to buy a home within the next 6 months you may want to look a little harder. The Real Estate Bailout that has been put in place as a means to stimulate the economy will be ending at the end of April. It simply provides up to a $8000 tax credit towards the purchase of a home for qualified home buyers. Some of those requirements can be found in the following video but here are a few highlights:
» First time home buyers or those that have not owned a home in the last three years can receive up to $8K
» The contract must be signed by April 30 and closed by June 30 you can receive the tax credit
» There is an upper limit on the home purchased of $800,000

This tax credit has already added an estimated $22 billion to the economy and it can have a positive impact on the psychological appeal that houses are selling again and give confidence to the overall consumer. The implosion of the mortgage and housing market is what has lead us to the uncertain economic times. So now that you are able to receive a tax credit and enjoy some of the lowest interest rates in over 40 years get out there and find your dream home.

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