Are you in the market for a home? If so, you may qualify for the first time home buyers stimulus plan. This program is a tax credit for people who have not owned a home in three years. The tax credit is 10% of the purchase price or $8000. The time period for this tax credit has to do with the time the house was purchased. It has to have had a closing date between January 1, 2009, and December 1, 2009.
Are you wanting to refinance your home? Obama's refinance plan may be just what you need, if you qualify. This program is for people who are current in their mortgage, but lost equity in their home due to the dropping home values. You can refinance if you owe up to 105% of the value of your home. This program expires June 10, 2010.
For those homeowners who are in default on their home mortgage, a federal loan modification is a possibility. If you qualify, you can have your whole loan modified to give you lower monthly mortgage payments. This program can also help sort out the mess that has developed with late fees and such, leading to potential foreclosure. This program is available until December 31, 2012.
If any of these scenarios seem helpful to you, you should check into whether or not you qualify for assistance under Obama's Home Stimulus Plan. Millions of homeowners are receiving this bail-out money, and you can too, if you meet the qualifications. It is advisable to do your homework and study the guidelines before you contact your lender concerning any assistance.
View this post on my blog: http://www.federalpersonalloan.com/federal-personal-loan/obamas-home-stimulus-plan-how-long-does-it-last.html
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