LandmarQ Lending Teams Up to Help Raise $1 Million for Area Residents
In an effort to help the community and area renters, LandmarQ Lending has partnered with area real estate professionals to help put $1 million back into the local economy and new homebuyers’ pockets.
This goal will be accomplished by providing education and assistance concerning the purchase of a home to first-time homebuyers. FREE informational sessions are being held every Wednesday and Saturday at the Elk River location.
In February, President Obama signed into law the American Recovery and Reinvestment Act of 2009. One provision of this legislation is the Homebuyer Tax Credit, a reimbursement of up to $8,000 available to first-time homebuyers. While this credit has been embraced by many Americans since its passage, a major stumbling block to its full utilization persists.
Lack of Homebuyer Awareness
According to a survey released by the National Association of Realtors, nearly 50 percent of all homebuyers were unaware that a tax credit of up to $8,000 currently exists for qualifying parties. Of those Americans actively shopping for a home, fewer than one in five knew about the credit and planned to use it when buying a home.
Another area of misunderstanding concerning this source of financial assistance is that the credit can be applied to
homebuyers’ 2008 federal income taxes. This puts the credit back into their hands this year’ assisting people today, which could prompt many to buy while the credit is available. The tax credit is also refundable, meaning that buyers with little or no federal income tax to offset are eligible to receive a check for the difference between their tax offset and the credit amount calculated for their new property.
Read More About The First Time Homebuyers Tax Credit and The Recent Extension of the Program >>
LandmarQ Lending and area real estate professionals are working diligently to raise $1 million to sponsor free homebuyer-education seminars for area residents. These educational forums are intended to assist individuals and families in the home-buying process as well as improve the area’s housing market.
We have set out to put $1 million back into the local economy & homebuyers’ pockets!
Join us for a FREE Informational Session about this program! All informational sessions are held twice a week,
at our Elk River location.
FREE INFORMATIONAL SESSION DETAILS:
ADDRESS: 17205 Yale St NW Elk River, MN 55330
DATE/TIME: WEDNESDAYS at 6:00 p.m. SATURDAYS at 10:00 a.m.
CONTACT: PHONE - 763.633.4747 E-MAIL: molly@landmarqlending.com
>>Register online now for one of our FREE informational sessions
MILLION DOLLAR CHALLENGE LINKS:
>>Visit Our Home Buyer Challenge Website
>>Download The Million Dollar Challenge Brochure
>>Register For FREE informational sessions
Contact us at 763.633.4747 with any other questions you may have.
