First Time Homebuyers

I have watched this video that talks about the First time homebuyers of the benefits of the tax credit.

For the first time homebuyers is extended to 2010 by the President Barack Obama. For the first time homebuyers raises its income for $125,000 for individual and $225,00 for the family but you must not owned a home for the previous three consecutive years. The deadline of the contracts of Tax credit will be on April 30, 2010 and all the properties must be closed on June 30, 2010.
To those who have lived in their primary home for at least five years can purchase the property cost of $800,000. In this way, it help the economy to rise and in the real estate industry. Because everytime a home sold to its country will create jobs and part of the home sold will be given to the local economy to help stop the recession and to bring back the economy into its usual status.

Eveyone in the private and public sector will benefit of this Real Estate Bailout especially those first time homebuyers or the young couples that are just renting will have now the chance to own their desired homes.

For further information. watch this video below.

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