Can it get any better? Well of course. That's a stupid question anytime you hear it. However when you are talking incentives and reasons to be a buyer of New Mexico property, it doesn't get much better.
SANTA FE (AP) - First-time homebuyers can find new financial assistance from the state and federal government.
Gov. Bill Richardson and the New Mexico Mortgage Finance Authority announced a loan program Tuesday that will help lower-and middle-income New Mexicans make a down payment in buying their first house.
The program takes advantage of a tax credit that was created as part of the federal economic stimulus package. First-time homebuyers* can get a federal tax credit of 10 percent of the purchase price of a home, up to $8,000.
The finance authority will provide a no-interest loan up to $6,500 for a down payment and individuals can use their federal tax credit to pay off the loan.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
*Remember First Time Buyer is considered as any one not owning a primary residence for the immediate three years prior to the new purchase. Questions? Please call me. I am here to be of service.
Hope you get moving soon. Don't be one who will have to say I missed the biggest buying opportunity of my life.
Off topic: Greatest opportunity of our life in the stock market too. getting in (Rolling the dice) now seems like the thing to do. After converting nearly half my little 401K into a mmkt position last year, I have been steadily tossing pocket change at the market since January. Still have MMkt $ and will keep picking up a handful of shares each time the market pulls back (or until I run out of bullets)
Deals: US Steel at $21, Caterpillar at 22, and Freeport McMoran at about the same. GE below $10, JASO well not everything is rosy, C under $2, AIG at .41 (hehheh), NAVR (anime) at .28, ... and on...
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