Lake Norman, Here is what the Stimilus Package Means

Hey Lake Norman and everyone else reading this blog; So what does it really mean…

1. Individuals with Adjusted gross Incomes of $75,000 or less will receive $600.
2. Families with adjusted gros incomes of $150,000 or less will receive $1200.
3. Families with children will receive $300 per child.
4. Benefits will be paid to 20 million senior citizens and $250,000 disabled Vets…Neither of these pay income taxes so this was reall push.
5. Illegal immigrants will not qualify for tax rebates.

So run the scenarios…A family of 5 (if income is less than $150K AGI) will receive $2100. 

Checks from the government will be out in MAY…

This information is courtesy of Sherry Bradley from Chase Home Finance.  She is the lending partner that I frequently use to help me and my clients.  You can read about her at: http://activerain.com/blogs/sherrybradley 

Contact your Lake Norman Agent at 704 451 7051 for more information!

Want more information about this and FHA Loans?

See this video. It is about 7 minutes long but worth it!

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