First time home buyers are positioned well in today's market because of the stimulus package passed on February 17th by President Barack Obama.  Below are the highlights of the benefits to first time home buyers.

• A true $8000 tax credit for homes bought between January 1st and November 30th of 2009.
• The tax credit is now non-repayable **as long as you live in the home for 3 years**
• A first time home buyer is defined as a person or persons not owning a home for the past 3 years
• The home must be a primary residence for at least 2 years.
• Can be claimed on either your 2008 or 2009 tax returns. 

So to a first time home buyer buying their first home, this is substantial because this would essentially pay for most of their closing costs.  There are creative ways to make this work for you, so please don't assume that it won't until you speak with John.  If you would like more information or you want to take advantage before time runs out, feel free to contact John Meulstee at (267)337-4736 or John@BucksMontRe.com.

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