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The Housing and Economic Recovery Act of 2008 is a sweeping $300 Billion rescue plan to help homeowners and the sluggish housing market. If you've been on the fence about buying a home in today's real estate market, NOW is the time to take advantage of a temporary $7,500 tax credit specifically designed for first-time home buyers, or anyone who has not owned a home in the past three years. DON'T WASTE THE OPPORTUNITY - It ends July 1, 2009

$7500 Tax Credit for buying a home! Cash to you from the Government!
DETAILS OF $7,500 TAX CREDIT Now Available to First-Time Home Buyers: When Congress passed the housing rescue bill (The Housing Assistance Act of 2008) this past July, it included a new $7,500 tax credit for first-time homebuyers. There is no need to fill out an application to qualify for the tax credit. First-time homebuyers merely claim the credit when filing the tax return for that year. NO PRE-APPROVAL REQUIRED, but if you are relying on this program to purchase a home you may want to check your eligibility. HERE ARE SOME BASIC FACTS: The credit is available only to first-time home buyers defined as buyers who have not owned a principal residence for three-years prior to the subject purchase. The ownership test applies to both partners in a marriage; i.e. if a husband has not owned a home in the past three years but the wife has, neither spouse qualifies for the first-time home buyer tax credit. (It appears that this would be the case even if the husband is purchasing the property only in his own name.) A buyer can still be eligible for the credit even if he owns a vacation home or rental property not used as a principal residence. Single taxpayers with "modified adjusted gross income" up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit. Individuals and couples with incomes above the thresholds may still qualify for a lesser credit, however, taxpayers with adjusted gross income above $95,000/ $170,000 phase out of the program completely. Your tax advisor may be able to help you with this. The credit is available even to those with little or no federal income tax liability to offset. This usually means that the government will send a check for part or all of the credit. Otherwise the credit is used to offset any unpaid taxes or increase a refund. The credit is available for homes purchased between April 9, 2008 and July 1, 2009 and applies to both new and existing homes whether attached or detached, condominiums, mobile homes, or houseboats. A homebuyer contracting for a custom built home can qualify for the credit as long as the home is first occupied between the April 2008/June 2009 dates. (For newly-constructed homes bought from a home builder, eligibility for the tax credit is determined by the settlement date.) The $7,500 credit represents 10 percent of the purchase price of a low cost home. That the tax credit is not a gift or a grant but essentially a 15 year loan to the homebuyer and, while it is interest free, will require filing a tax return and will carry the same IRS penalties for non-payment as accrue to delinquent taxes. Most who use the program will be able to claim this full amount, however, in the event a home is purchased for a lesser amount, the 10 percent cap will apply. That would mean that a $65,000 purchase would result in a $6,500 credit. There are other refinements to the program. For example, if it is to his benefit, a taxpayer can apply for the credit in a different year than the home is purchased. There is also a possible forgiveness of debt for homeowners who sell the home before the loan is repaid and do not received sufficient gain from the sale to cover the loan balance. Information on these and other details of the program can be researched on a website maintained by the National Association of Homebuilders at www.federalhousingtaxcredit.com.

TOP REASONS YOU SHOULD HAVE US HELP YOU: Extremely low competitive interest rates Rock bottom LOW closing costs Professional highly trained experts to help you select the right mortgage program. Not just application takers. Honesty, Integrity, Experience. We make the process easy, convenient, and painless GUARANTEED LOWEST RATE AND COST COMBINATION

Sept. 2008: Once again, the Minneapolis / Saint Paul Business Journal has recognized Mortgages Unlimited as one of the top 25 locally owned mortgage lenders in Minnesota. Who are you thinking of doing business with?

I know you have options and understand the importance of securing the very best rate and lowest closing costs for you and your family. I do not take that obligation lightly and will work hard to prove the value in having a long term relationship with myself and my team.

We are committed to helping you make a truly informed mortgage decision. Our advice goes way beyond just quoting rates and fees. We provide you with a complete analysis of your mortgage debt picture through analysis and reports. Most people don't understand the life changing differences between different loan programs.  We do...  Learn More

We offer you; Competitive Rates, Lower Closing Costs, Free Good Faith Estimate, and Guaranteed Closing Costs! No one can do what we do!

As a Direct Mortgage Lender, our combination of loan programs, rates, and services are unsurpassed in the marketplace.  Get the personalized home mortgage loan experience you expect. Purchase, Refinance, Jumbo, Conventional, FHA, VA, MHFA, zero down, first time buyer, grants, commercial loans, reverse mortgages, condo, town house, and more.   

What ever your situation, We've seen it before... and we can handle it!

Get real rate and closing cost estimates so you can see specific numbers right up front. No surprises.  Our rates are typically 0.125% to 0.25% lower than the big banks and little mom-and-pop mortgage brokers, with lower closing costs, too.

With our low rates and low fees, you might be wondering about the kind of service or expertise you'll receive. You're in for a pleasant surprise. We've gone to great lengths to streamline the loan process and make it the easiest, most convenient experience imaginable. No appointment needed. No account numbers or shoebox full of financial papers. Just the information that's in your head.

Find out how good it feels to work with a lender that delivers on both price and service, and read a few real customer comments. Then you'll know why we enjoys a 98.0% overall recommendation rating, which we'd like to point out is a far higher standard than mere satisfaction.

I have closed thousands of loans in my career. That's a lot! Those customers contributed to our continuing success because they know WE GOT THEM A BETTER DEAL! 

We can do the same for you! We lend primarily in Minnesota, Wisconsin, and Florida. But we can do loans in all 50 states. So if you are in need of financing, we can help you get the lowest cost mortgage of anyone on your area, saving you thousands of dollars!

We keep it simple! Slick advertising is not our game. We are a popular site on the Internet and it's not just because of our LOW rates. Its because we offer the whole package! We provides fully automated processing, with all of the latest instant approval systems. We even give you instant Email notification for each step of your loan! 

Honesty and integrity are the two most important things to find in a lender. Find an honest person and everything else will work out alright. I am a proud member of the "upFront Mortgage Brokers Association ®.

Thank you for visiting the Joe Metzler Mortgage Group at Mortgages Unlimited web site.

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Equal Housing Lender	Policies, Procedures, Disclaimers	971 Sibley Memorial Hwy (Hwy 13) Saint Paul, MN 55118	(651) 552-3681
Our services available only for properties located in Minnesota, Wisconsin, and Florida. PLEASE DO NOT KEEP US A SECRET from your FRIENDS. Licensed as Mortgages Unlimited, Inc. As a Lenders One partner, we are part of the 9th Largest Retail Mortgage Originators in the country. We are consistently ranked as one of the top lenders in Minnesota by Minneapolis St. Paul Business Journal. Any use or duplication of any materials is  strictly prohibited.  All images, text, and materials Copyright © 1998-2008. Metzler Enterprises, LLC. All Rights Reserved.

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