$8,000 first time homebuyer tax credit
DESCRIPTION
Three Events Converge To Create OpportunityTRANSCRIPT
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right time?Have you been waiting for the
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The convergence of three unique events
have come together
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right time
The convergence of three unique events
have come togetherto make now the
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Chik QuintansCreated and Presented by
Certified Mortgage Planner
National Lic: MLO-86133
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First-timeBuyer?Are you a
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First-timeBuyer?Are you a or a
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First-timeBuyer?Are you a Current Homeowner?or a
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First-time Buyer?
What defines a
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first-time buy⋅er
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noun - a person(s) who have not owned a main residential property in the last
first-time buy⋅er36 months
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Current Homeowners?
What about
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current homeowner
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person(s) who has owned and resided in the same home
for at least five consecutive years out of the last eight years
current homeowner
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you,if either of these describe
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your timethen
is now
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Events3
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moreaffordablehome prices#1
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Low cost of ownership far below the historical average.
40.5% of Income then
23% of Incometoday
vs.
Chart from Estate of Mind
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lowest interest rates
in30-40years
#2
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Chart from Certified Scripts
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Lowest interest rates in 30-40 years
Chart from Certified Scripts
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What does 1% mean to your income pie?
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What does 1% mean to your income pie?
Example, your annual income is $84,000 or $7,000 per month.
Finance $375,000 Fixed 30 years
6% = payment of $2,248/month
5% = payment of $2,013/month
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So, what does 1% mean to your income pie?
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So, what does 1% mean to your income pie?
68%
32%
72%
28%
$235 less bite out of your monthly income
6% mortgage
vs. 5%mortgage
of your income of your income
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So, what does 1% mean over 3o years?
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So, what does 1% mean over 3o years?
$84,600 less over the life of the mortgage loan!
6% mortgage
5%mortgage
$0 $110,000 $220,000 $330,000 $440,000
$349,709
$434,396vs.
Total Interest Paid
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$8,000.00First-time Buyer
Tax Credit#3
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$6,500.00Current Homeowner
Tax Credit#3a
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These 3 events3
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homebuyer tax credit
have createdopportunity
an amazing buying
These 3 events3
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However,
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your family, neighbors, co-workers & maybe you are fearfulHowever,
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successfulPerhaps you should consider the thoughts of these
teachers
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“Be fearful when others are greedy. Be greedy when others are fearful.”
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- Warren Buffett
“Be fearful when others are greedy. Be greedy when others are fearful.”
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“Inside of every problem lies an opportunity.”
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“Inside of every problem lies an opportunity.”
- Robert Kiyosaki
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“In investing, what is comfortable is rarely profitable.”
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“In investing, what is comfortable is rarely profitable.”
- Robert Arnott
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tax deductionsDonʼt forget your
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tax deductionsMortgage Interest
Real Estate TaxesMortgage Insurance
Donʼt forget your
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+
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the Homebuyertax credit
2010until June 30th
+
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How do the tax creditswork?
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Have a property under contract by April 30th
Close on your new home by
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June 30th
Have a property under contract by April 30th
Close on your new home by2010
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Letʼs say at the end of the year
you owe $2,500in federal taxes
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$2,500 - $8,000 = ($5,500)
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$2,500 - $8,000 = ($5,500)
refundthatʼs a $5,500
Federal tax
In the case of a First-time Buyer, taxes are reduced
owed refund
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Again,
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homebuyer tax credits
createdopportunity.
an amazing buying
three unique events haveAgain,
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Hmmm...I think now is finally
the right time
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"Opportunity knocks at the strangest times, It's not the time that matters, but how you answer the door."
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"Opportunity knocks at the strangest times, It's not the time that matters, but how you answer the door."
- Steve Gray
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The Dooris now Open
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Contact Chik Quintans Office 425.771.2095Email [email protected] www.chiksblog.com
To find out more and get pre-qualified today,
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