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Monday, February 9, 2009

Buy a house in 2008?

My hubbs and I just got done doing our taxes and our accountant just informed us of a wonderful thing...If you bought your house in 2008 you are eligible to take a 10% loan INTEREST FREE!! And the best part about it, is that they will take like 500 bucks out of your tax return each year for 15 years. We usually get about 2500 back so we wont even feel the 500 bucks taken out. It is just unseen money.

They want you to spend the money to help boost the economy. I think we are going to buy some stock since everything is so cheap and put the rest away as an emergency savings account (and at least earn the interest on it). I was a little weary about this at first, but when I talked to some people about it, they said anytime you can get an interest free loan from the government...take it! : )

1 comment:

  1. Heck yes take it! Dude that is awesome. Throw me some of your financial "luck" haha

    ReplyDelete