Click here to view the embedded video.

To qualify for this First Time Home Buyer Tax Credit extension, you must not have owned a home in the last 3 years. Income limits for this tax credit have been raised and now are:

• $125,000 per individual (previously was $70k) or
• $225,000 per family (previously was $150,000)

In addition to that,this new law offers $6,500 tax credit to EXISTING home owners who have lived in their current home for 5 consecutive years of the last 8 years, and want to “move up” and buy a different home (up to $800,000)!

However …

“Just because the $6,500 tax credit feature has been “labeled the move-up credit”, it  does not mean that you must purchase a bigger or costlier home.  You could always downsize & still take advantage of the credit.” – Move Up $6,500 Tax Credit – Can I Downsize Now? [Nannette Saunders - Lynchburg VA Real Estate agent]

Whether you are a first time home buyer or an existing home owner looking to move please remember, the home must go under contract by April 30, 2010 and close by June 30, 2010.

Not only does the extension help first time home buyers get a home, but it also helps reward current home owners who have stuck it out through this shifting market.

Remember: If you qualify, this tax credit goes against any taxes that you may owe, and any difference will be refunded to you!  *Please talk with your tax attorney or accountant to see if and how this tax credit could apply to you.

For more information on how we can help you take advantage of the extended and expanded tax credit, please give us a call: 719.434.7525

Read Also: The Seven Deadly Debt Sins

“My financial life began turning around when I took responsibility for it.”  — Dave Ramsey, Total Money Makeover

Because of these beliefs, we are always looking for other professionals who support this line of thinking about debt. Below is information from our friend, and former neighbor, Brent Ebaugh of WellSpring Finacial Hope.*

Check it out…

The Wellspring Financial Hope Foundation is your key to getting out of debt once and for all. We are not like any other program out there for many reasons, but the most important reason is that our program actually works!

Our system is ethical, biblical, simple and beneficial for your entire family. For one affordable, up-front fee, you will get a personal finance coach who will teach you one-on-one how to change your financial future and get out of debt once and for all.

No games, no hidden fees, no gimmicks, no surprises.

It is your turn to be debt free!

What We Believe

We believe that according to Matthew 6:25-34 it is God’s will for His people to live without financial stress and worry. We believe that good money management eliminates significant stress from our lives, helps us better provide for our families and allows us to model God’s love by being able to give generously to others.

Because God has promised to provide for our every need, one of our core beliefs is that financial problems are never inherently about money. Even in difficult circumstance that arise from death, illness, job loss, divorce or other life events over which the person may have had no control, we believe that God has a purpose in every season of life He takes us through.

How It Works

Our coaches will work with you to set up a family spending plan that matches your needs and your lifestyle. We have hundreds of resources to help you cut expenses, stretch your dollars and maximize your hard-earned income.

Next we help you work with your creditors to get interest rates lowered, payments set at affordable amounts and collection calls stopped.

Finally we create a customized debt elimination plan that allows you the flexibility to pay off debts right on schedule or ahead of time as your income allows.

Contact:

Brent Ebaugh  |  719-213-9871

640 Chapel Hills Drive  |  WellSpringFinancialHope.com

Because we have not gone through this specific program, we cannot personally endorse it. However, it may be a perfect answer for a Colorado Springs homeowner or renter buried in debt.

If selling your Colorado Springs home is part of your “Get Out of Debt” plan, please contact us for a free, no-obligation consultation, where we can give you a great idea what your home is worth, and what your options really are.

719.434.7525

This video is about the Federal Reserve’s report on homeowner’s equity … and is actually some really good news!

Click here to view the embedded video.

For more information on Colorado Springs home values, please contact us at 719.434.7525 or send an email to team@wagneriteam.com

We here at the Colorado Springs Real Estate Connection take fair housing laws VERY seriously and refuse to work with anyone who practices ANY level of discrimination – to include home sellers, lenders, landlords, other real estate agents, etc.

It is illegal to discriminate in housing on basis of race, color,
national origin, religion, sex, family status or disability.

Click here to view the embedded video.

Per the HUD website:

“Housing discrimination based on your race, color, national origin, religion, sex, family status, or disability is illegal by federal law. If you have been trying to buy or rent a home or apartment and you believe your rights have been violated, you can file a fair housing complaint.”

If you feel as though you were a victim of discrimination when trying to rent or buy a home, you can file a complaint with the Housing and Urban Development Housing Discrimination Department.

Read More About Fair Housing and Equal Opportunity

Read Also:

• Two Sides of Ignorance in the Colorado Springs Real Estate Market
• Understanding the Realtor® Code of Ethics: Article 10 – Don’t Be An Ignorant Fool (Discrimination)

*Thanks to New Hampshire Association of Realtors® – Monika McGillicuddy and Matthew Rathbun for sharing the video.*

Posted By: Mariana Wagner | 719.434.7525
Colorado Springs Real Estate Connection

So, I found this video where we can all learn how to speed up our laundry skills.

Click here to view the embedded video.

Now, THAT is skill …