Less Than Three Months Left
For The Stimulus package
Buy before 11/30/2009!
Eight Things You Must Know
About The New Plan (share with family, friends)
1. This is effective
for purchases on or after Jan 1 2009 and before Dec 1, 2009.
2. Any unused amount of tax
credit is refunded to the purchaser when the tax return is filed. This can
be used for amended 2008 tax returns!
3. $8,000 maximum
credit amount or 10% of cost of home, whichever is less.
4. Income limit for
individual is $75,000 and joint is $150,000.
5. No repayment for purchases
on or after Jan 1 and before Dec 1 2009.
6. If home is sold within 3
years of purchase, entire amount of credit is recaptured on sale.
7. It is retroactive to Jan 1, 2009, not
prior.
8. Good only for first time
home buyers. (could not have owned a home for 3 years)
Joe
Maciel
Branch Manager
Maciel Mortgage
559-589-6044
