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Why Project 300 Now?
Today's economic environment has been tough for many, but it has created a "perfect storm" for some of many 1st-Time Home Buyers. NOW is one of the best times in documented history to purchase your first home. Here are 3 reasons why:
Temporary $8,000 Tax Credit
This credit is for 1st-Time Home Buyers only and EXPIRES on November 30, 2009. You can receive the $8,000 when you file your taxes next year, if you file an ammendment to last years taxes after you close escrow, or even borrow the money UP FRONT to help with your down payment and/or closing costs. So what does this mean to YOU?
This is literally cash in your hand for purchasing a home that does not have to be paid back!
Housing Affordability
According to the National Association of Realtors, who have been tracking housing affordability since 1970, this year has provided the highest affordability index in documented history. In simple terms, taking account today's interest rates: More people making the median income can afford to buy the median priced home, than at any time since 1970. So what does this mean to YOU?
YOU can afford to buy a home again!
Interest Rates Still at Low Levels
The Federal Reserve has pledged $1.45 Trillion Dollars to help keep interest rates artificially low for the duration of 2009. This type of pledge of money is historic, and the money is scheduled to run out after the first quarter of 2010. So what does this mean to YOU?
You can guarantee yourself a low interest rate and save thousands of dollars every year!
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