How Can Obama's Housing Plan for Mt Hood Real Estate Help You?

The housing plan included in President Obama's stimulus package has many good qualities that will help those seeking real estate in the Mt Hood Corridor, west of Government Camp, Oregon.

There are two main points to the housing plan:

1. To help people once again obtain reasonable mortgages to afford the home of their dreams.

2. To keep people in the homes they already have. If it works the way it is planned, it is reason for a collective sigh of relief for millions of homeowners feeling threatened by foreclosures.

That's really it in a nutshell. There are many incentives wrapped up in each of those two areas to help both homeowners and prospective home buyers, but the very impetus behind the stimulus housing package is simple.

For Current Homeowners

If you have a current mortgage that you can't handle, now is the time to talk to your mortgage company. Don't wait too long because some of the detailed elements of Obama's housing plan are meant to be short-term in their offer so as not to over-tax the budget. While you have the chance, see if your mortgage can be reduced to reflect current home values. That can provide you with the equity you would have already built up but lost due to a drop in housing values. It will also lower your monthly mortgage to a manageable level.

For New Home Buyers

This is your market now. The real estate prices in the Mt Hood corridor between Sandy, Oregon and Rhododendron, Oregon are much lower which gives you a chance to buy a home you might not have been able to afford before. President Obama's housing plan provides tax incentives for you. However, just like with current homeowners, the time to do this is now. Because of the stimulus to the Mt Hood Real Estate Market, housing values are not going to stay as low as they currently are. Also, many of the incentives like the tax credits are valid for a very limited time.

If you’re ready to take advantage of the stimulus package benefits by buying a home, I can help. Call me now at 503-706-7101or email me at blythe@servingmthood.com.


homeowners feeling threatened by foreclosures: www.lvrj.com/business/40917822.html

stimulus housing package: www.recovery.gov/

tax credits: www.federalhousingtaxcredit.com/

Great First Time Home....

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Happy Hunting!

Looking for Your First Home? 2009 is the Year You've Been Waiting For!!!

Buying Your First Mt Hood Home
Is this a good time for first time home buyers to consider a home in Welches, Rhododendron, or Brightwood ? It's a familiar question with the economy in the state it is in. Here are a few reasons why a home is still a great investment for first time home buyers.

Pride of Ownership
This will never go away no matter what the economy is like. Owning your own home is the American dream for a reason. It just feels good to take care of a home in the Mt Hood Corridor that's yours and yours alone.

Tax Incentives
Owning your own home is one of the best tax deductions. The new stimulus plan makes that tax incentive better than ever before. Not only can you deduct your interest payments on your tax forms this year and for every year during the life of your mortgage, the stimulus plan allows a huge homebuyer tax credit of $8,000 for homes purchased in 2009 by first time home buyers.

Your property taxes are deductible too. Many first time home buyers understand that they can deduct the mortgage payment interest but don't realize they can declare their property tax as well for an even bigger yearly deduction.

Equity
Yes, even now, you will begin to build equity with each year you're in your new home. Equity improves your credit worthiness and gives you options for loans in the future if you need them.Take the first step toward buying a new home and contact me. I'll help you find the perfect place for you and your family. And, I'll help you get it at a great price. Call me now at 503-706-7101 or email me at blythe@servingmthood.com.


Homebuyer Tax credit:
www.realtor.org/government_affairs/gapublic/american_recovery_reinvestment_act_home#taxcredit

Tax deductions:
www.alllaw.com/articles/tax/article3.asp

Property Taxes:
www.neamb.com/lifeplan/homelive/hb_tax.jsp