Homeowner Stability Initiative and the $8,000 tax deduction for home buyers.

The stability initiative is President Obama’s $75 billion, three-part plan that will give
low-cost refinancing for about five million Americans, provide financial incentives to
lenders and create a new insurance program to promote more mortgage modifications.

And the tax deduction, now signed into law, lets first-time buyers claim a credit worth $8,000,
or 10 percent of the home’s value, whichever is less - on their 2008 or 2009 taxes. A big plus is
the credit is refundable, meaning tax filers see a refund of the full $8,000 even if their total tax bill -
the amount of withholding they paid during the year plus anything extra they had to pony up when
they filed their returns - was less than that amount.

So how do you capitalize on the Homeowner Stability Initiative?
Let me share a sentence I tell all my clients:
Your whole life changes the day you make a commitment. 

Call Today, Buy in 2009.  Don't miss out on $8,000 that you do NOT have to repay.