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About a month after purchasing my new condo in the quiet neighborhood around Messiah College I received a rather nice surprise in the mail – one of those colorful treasury checks from uncle sam in the amount of $8,000. Well in all honesty it wasn’t really a surprise, the credit was the main reason I decided to buy the place to begin with, but holding that check in my hands I was indeed surprised at how easily the money came to me.

Most people have heard details about this popular program available to first time home buyers making that big decision at some point in 2009. That being said, I’m not so sure that people are really aware that this program is about to expire on December 1st, 2009. That doesn’t leave much time for interested home buyers to participate, as the closing process on a house can take well over a month from start to finish. What I’m really trying to say is; if you want to receive an $8,000 check from the government simply for buying your first house time is running out!

Sure there is strong emphasis on the free housing credit, (and for good reason) but how about historic low interest rates? I locked in my 30 year mortgage at 5%!My first place!

Just think about the numbers:

$100,000 home with 30 year 5% mortgage = about $500 monthly payment!

That should sound pretty affordable to most people, but add a roommate to that spare bedroom for $500 a month and buying a home never looked so enticing. It’s hard NOT to purchase a home right now.

Personally I was able to close on my condo with about $5,000 up front which was returned to me not a month after I closed and applied for the credit. And thanks to my realtor, the process was a breeze. Seriously, I know realtors depend on referrals and I’m happy to recommend mine, even if you’re just looking for some great resources and help getting started you can find a lot of fantastic tools on Keith Reilly’s homepage:, check it out yourself sometime.

And for anyone even THINKING about buying their first place, don’t delay, this incentive is about to run out!


One Comment

  1. Mortgage rates sustain lows under 5% for the past 3 weeks!

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