First time home buyers

Pete Canavan
pete.canavan@metrobrokers.com

(o) 404.843.2500
(d) 678.777.5866
(c) 678.777.5866
(f) 770.632.3060

Dedicated to excellence.

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                                       Sunday, March 21, 2010

                The Federal Tax Credit HAS BEEN EXTENDED until April 30, 2010!
                      Time is running out - ACT NOW!  Don't get shut out!
                                           The supply of good homes is sure to dwindle as the deadline approaches.
                        This new bill also includes a $6,500 credit for present homeowners.
                                            Visit my blog to see recent real estate news and add your comments.
              *** Click here for the latest news about the tax credit extension plan!  ***
                     IRS Video
                                                                 Stay tuned for latest information on tax credits.

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                                        *** $8,000 tax Credit ***
                                                                                               New federal tax credit extension.
                                                                                                               NEW!!!
                                            An $8,000 tax credit with no repayment due, will be available only until April 30,2010.
                                            (The home MUST Be Under Contract  BEFORE  April 30, 2010 and Close before June 30,2010).

                                            Timing is crucial, and NOW is the time to start looking!
                                            This tax credit will most likely NOT be extended again.
                                            Don't miss out on this opportunity. Call now for more information.   678.777.5866
                                            Let me help you through this process.

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                               *** $8,000 tax Credit (click here for details) ***
                          As a full time REALTOR^®, I am available to meet with you, 24/7, at your home or in our office .
                                   Contact me for an initial consultation.      There is no commitment or obligation for consultation.
                                    Let's explore how you can move into a home of your own!

See bottom of this page for information about "The Credit Doctor".
A great new tool, developed exclusively for Better Homes and Gardens Real Estate Metro Brokers, to help you see, and improve your credit score.
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This is the absolutely a great time to buy a home, especially if you are a first time home buyer.
The new economic recovery package, enacted by congress, gives first time home buyers incentives never before seen.
(A first time home buyer is defined as someone who has never owned a home OR someone who has not owned a home in the last three years.)

An $8,000 tax credit for first time buyers! DETAILS
New Georgia Tax Credit for all buyers DETAILS
Prices have been reduced on many existing and new homes.
Interest rates are low.
Income tax advantages as mortgage interest is tax deductable reducing your tax liability.
A wealth building vehicle as your equity grows.
Monthly payments could be less than rent payments.
Metro Brokers is the largest Brokerage in Georgia.
Metro Brokers has a new feature called the "Credit Doctor" see below.

FINANCING
FA loans require a 3.5% down payment (with a credit score of at least 620).
VA loans 0% down.     Conventional loans 10% to 20% down, depending on your credit and the lending institution.

Downpayment monies can be a gift from a relative or borrowed money. Borrowed money needs to be seasoned in a bank account.

    Also you will need funds to cover closing costs and prepaid items.
    (The $8000 tax credit may be used for closing costs)
    These costs are negotiable, and many sellers will contribute to them.
    That is a good reason to have a buyers agent, as a negotiator, on your side.
     Commissions are normally paid by the Seller.

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< Credit Doctor >  is a great new tool, developed exclusively for Better Homes and Gardens Real Estate Metro Brokers.
A credit report from the Credit Doctor is only $26.50 for an individual and $37 for a joint file (i.e., two people ordering at the same time). It includes the steps you can take to change your credit score.

With this tool you can see your credit score from the three credit bureaus.
Also you will be advised on options to increase your score.

Credit scores are configured using computerized algorithms.
There are some adjustments you could make, that may actually LOWER your score.
The "Credit Doctor" will only show the options that can RAISE your score, and show you by how much.

There is a sample report you can read to see how it works.
With a few simple adjustments you can increase your credit score which could REDUCE your interest rate.

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Call, or email me for the latest specifications and details at 678.777.5866.
<Contact request>
Pete