HUGE NEWS! The Obama Plan and You

NEWS ITEM ONE
The Obama Plan to aid homeowners and the housing industry is in effect. The White House has announced big plans to stimulate the housing sector of the economy.

I have converted three documents on the Plan which you will no doubt find useful. You may request a copy be emailed.

1. The White House Stimulus Plan - Fact Sheet (9 pages in .pdf format)
"The deep contraction in the economy and in the housing market has created devastating
consequences for homeowners and communities................................READ MORE"

2. Support Under the Homeowner Affordablity and Stability Plan - Three Cases
"Family A: Access to Refinancing In 2006: Family A took a 30-year fixed rate mortgage of $207,000 on a house worth $260,000 at the time. (The family put just over 20% down.) They received a Fannie Mae conforming loan with an interest rate of 6.50%........ results of case one)...........READ MORE"

3. Questions and Answers for Borrowers about the Homeowner Affordability and Stability Plan
"Borrowers Who Are Current on Their Mortgage Are Asking:
1. What help is available for borrowers who stay current on their mortgage payments
but have seen their homes decrease in.........................................READ MORE"

This is great news, and this is a great compilation of information that every homeowner with a mortgage should be aware of. Please request your free information documents today.

To request your copies, please email: dreamhomenm(at)gmail.com Note- you will need to replace the (at) with the symbol @

NEWS ITEM TWO
Congress has approved an $8000 tax credit for first time home buyers and for any folks who have not owned property in the last three years. The finalized version of the bill provides for an $8000 tax credit that would be available to first time home buyers* for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not require repayment. The credit will be claimed on a tax return to reduce the buyer's tax obligation. If any credit amount remains unused, the unused amount will be refunded as a check to the purchaser.
* first time home buyer is defined as not having owned a home within the last three years.

My Take - 5% interest rates and cash back from Uncle Sam when a purchase is made before the deadline later this year means buyers will be stepping up for action. This may be the greatest opportunity for many to grab the American dream that we will face. The greatest opportunity comes during times of the greatest change. I do not think sitting on the sidelines is the way to go. I am recommending action to my customers. I do not want to be forced to say " I missed it"... Get with it. If you are considering buying, call your Realtor today. If you are in a home and have a mortgage, call a trusted lender and see if the economic plan can help you too.

I would love to speak with you about your circumstances - regardless of what they are. A personal conference may be arranged at your convenience to discuss your real estate and financing needs. - ---archer---->

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