| First time homebuyers may now be able to get grant | | | | grant. This rule might also apply to parents who are |
| money from the government if they qualify. Grants are | | | | buying a home with their child. |
| available for people who are purchasing their first | | | | How much money can a homeowner expect to get |
| home between January 1 and December 1 of 2009. | | | | from the government if they qualify for the First Time |
| The grant can be as high as $8000. This is great news | | | | Buyer Stimulus Program? Generally you can expect to |
| for people trying to buy their first home in the midst of | | | | receive 10% off the purchase price up to $8000. This |
| an economic downturn. | | | | can be credited towards your income taxes or if you |
| What people might not know is that you really don't | | | | have overpaid your taxes, you might get a tax refund. |
| have to be a first time homebuyer in order to qualify | | | | You can use this money in any way you want, you |
| for the grant. According to the government, you | | | | can use it to make improvements to your house, pay |
| cannot have owned a home in the three years prior to | | | | down your mortgage or take a great holiday. It is your |
| purchasing a new home. Technically you could have | | | | money and you can decide where you want to spend |
| owned a home in the past, just not recently. The only | | | | it. |
| limitation is that if you have not owned a home but | | | | It is too bad that more people are not aware of the |
| your spouse has, you will not be able to apply for this | | | | free government money that they can get. They just |
| program if you are purchasing the home together. If | | | | need to know where to look. Don't be one of these |
| you are not married, but buying a home together, the | | | | people; get your government grant money! |
| person who is the first time buyer can apply for the | | | | |