Penny Kast, my S.H.O.P. lender partner from First National Bank had a S.H.O.P. (Sensible Housing Opportunity Program) Workshop on Saturday and attendance was limited, but that's just part of the age old marketing dilemma of how do you get folks to attend????
The demise of the Rocky Mountain News speaks volumes for the ineffectiveness of print advertising.
$8,000.00 is a goodly amount of cash and there are a some myths that need to go away!
Myth #1...You do not have to be a First Time Home Buyer, per se.
A First Time Home Buyer is anyone who has not owned a home in the last 3 years!!!!!!! You could have owned 12 homes in the past but not owned one for the last three years and you're considered a 1st Time Buyer!
Myth #2...The money does not have to be applied to the purchase of the home!!!!
I'm working with a lady right now who wants to muse it for tuition!!!!
Myth #3...That it's a Tax Credit and not cash.
It is...but it's not. It's funded along with you're IRS Refund. If you have a refund coming of $400.00, your refund check will be for $8,400. If you owe $400.00 you will get a check for $7,600.
In any event, you need to check with your accountant.
Lemme know if you have any thoughts or questions...
Gotta run....
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment