I am very intrigued by the $8,000 federally offered tax credit this year for first time home buyers so I wanted to look into what it is all about. I have discovered some great news. If you alone make less than $75,000 a year or as a couple make less than $150,000 then you qualify for this credit.
In the last three you cannot have been a home owner. For those of us who are first time home buyers this is perfect because it allows us to get our feet wet.
If the value of your home is less than $80,000 then you get 10% of its cost. After this you only get $8,000. Another thing to remember is that rates are incredibly low right now and it is cheaper to have a good rate than to wait for house prices to drop and rates to go up.
$8, 000, first time, home buyer
Have you wondered about your options in saving for your childs tuition? There are 2 great ways to take advantage of the college 529 plans. There is significant tax advantages and benifits for starting a 529. One is a prepaid 529 plan…
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College 529, College 529 plans, College funds, college plans, college saving
The unemployment rate is high and the economy is looking pretty ugly. As all of this is taking place inflation is sitting and waiting to emerge. Now is the time to prepare for this evil giant to enter. The best way to do this is by converting your liquid cash into sound investments. I want to share with you what I have learned through research on the best available investments.
Contrary to what many think, real estate is not necessarily a market you want to jump into right now. Consider this, thanks to low home prices the fed has dramatically lowered the national interest rate. The problem is potential investors need to consider inflation into this puzzle. As inflation happens the last thing to rise tends to be salaries. This will make paying off that mortgage really difficult.
With inflation it is a good idea to invest in goods and services that are rise with the inflation rate. One item that always seems to do this is gold. Thanks to this trend it a good industry to put your money in.
Another good investing opportunity for any investor living in this economy resides in commodities. A commodity is a product which people will always need regardless of the economy so their prices always increase.
Study your investment opportunities because realistically all that matters is your liquid money being converted to investments.
Economy, gold, Investments, money, real estate