Really, you thought I was going to say "rail line", while it still has a rail line, it now has more than high speed trains on its tracks it now have high-speed fiber optic lines.

This new system opens the doors to many new possibilities in NW Indiana for additional businesses and extra savings to those already in business. The rail line and the fiber optic line run 75 miles from the South Bend Airport to the Kennsingtion station downtown Chicago.

My, very own wife, Mary Woodson takes the train near daily to Chicago where she works as an Actuary for CNA. If you ever see the skyline of Chicago and see the big red building that is hers.

The providor of the new service is ComControl and they say communities and companies will now have choices that will deliver options that will reduce cost and yet have a greater capacity for NW Indiana

This week The Northern Indiana Commuter Transportation District which operates the South Shore train line will be hosting several informative discussion panel for IT professional in the NW Indiana Corridor to learn more about cost savings and the great speed.

Registration is open and there is no cost to attend. Email bbaker@com-controlinc.com to register for one of the following sessions:

Monday, Nov. 9

8 to 9 a.m. - Entech Innovation Center, 880 Eastport Centre Drive, Valparaiso.

3 to 4 p.m. - Michigan City Area Schools Administration Building, 408 S. Carroll Ave., Michigan City.

Thursday, Nov. 12

8 to 9 a.m. (EST) - South Bend Airport, 4477 Progress Drive.

Monday, Nov. 16

8:30 to 9:30 a.m. - Purdue Technology Center, 9800 Connecticut Drive, Merrillville.

3 to 4 p.m. - Hammond Innovation Center, 5209 Hohman Ave., Hammond.

For More Information about NW Indiana or anyone of its great communities please let me know

Dave Woodson

Indiana First Time Home Tax Credit

Revisited…

Lately, I have been getting some calls and emails about the Indiana First Time Home Buyer Tax Credit from some very confused Indiana home buyers and agents alike.

I want take just a moment and straighten out a few of the misconceptions that are there.

Lets set the record straight once and for all and let me be the guy that does it.

Here are the provisions for the Indiana First Time Home Buyer Tax Credit

It ENDS December 01, 2009 – now unless Congress comes out and changes that here in the near future, you will need to close on your first Indiana home on December 01, 2009.

If you close on 12/02 and you don’t get it.

• First Time Home Buyers only – you cannot have owned a home in the last 3 years
• The Tax credit is is 10% of the homes COST not worth, but homes COST at the time of Purchase

Some simple math $80,000 home times 10% = $8000

• The Maximum credit allowed is $8000

More simple math $170,000 home times 10% = $8000 (hey, our gov’t is involved here, we are lucky to have roads)

• Adjusted gross income of no more than $95,000 single and $170,000 joint

Partial credit is received when you make more than the above amounts

• Credit is taken when you file your tax return

Cannot be used at a part of down payment or taken as a credit at closing; you will either pay less in taxes or a get a larger refund.

Now, I am a mortgage guy, I am the Indiana FHA Expert, and I am not a tax guy. Please, consult a tax professional. A tax pro can save you headaches and can find you deductions that you may not know that you deserved. If you would like a professional referral just ask for one and I will be more than glad to give you one.

Dave Woodson
The Indiana FHA Expert

Indiana FHA Home Loan

Are you unhappy where you are living? Are you too old to be living with mom and dad?

With an Indiana FHA Home Loan…You can change your life.

Whether, you are a first-time home buyer, have owned a home before or have less than perfect credit FHA more than likely has a program that will best suits your needs. I am Dave Woodson and I am The Mad Mortgage Machine and I will take you through the Indiana FHA loan process step-by-step.

With an FHA Loan you can:

* Purchase a Home (really kind of a no-brainer and with the $8000 tax credit and rates the lowest they have been in years, and now you can use it as a down payment*)
* Remodel Your Home
* Make Home Repairs
* Make Energy-Efficient Improvements, and with new tax credits out there you can save a ton as well.

FHA Loans are guaranteed loans, which means that lenders offer you a lower, more affordable rate. Even, if you have less than perfect credit or are a first time home buyer, an Indiana FHA Loan can help you save thousands of dollars on the home of your dreams.

If you are looking to buy a home or even sell your home consider using an FHA home loan with its lower down payment requirements, lower mortgage insurance rates (which is still tax deductible) and less stringent guidelines vs. Fannie Mae.

So, if you are ready for a change, download and fill out my Mortgage Planning Questionnaire that is designed to help me and your Real Estate Agent of choice find the home of your dreams.

And, now to conclude the Top Ten Reason to be an Indiana First Time Home Buyer.

Part 2

5) Seller’s all across Indiana are more willing than ever to give incentives for First-Time Home Buyer up to 6% in many cases

4) The Interest, Mortgage Insurance, & Property Taxes can all be written off on your taxes, thus reducing your overall tax liability

3) Indiana First-Time Home Buyer Opportunities are boundless with the higher Indiana FHA Limits for 2009

2) I did mention that point about the noisy neighbor? How about a garage? Telling the landlord where to stick it?

And the #1 reason To Be A First-Time Home Buyer in 2009,

1) The investment in yourself and your first step to wealth accumulation

There are Ten Great Reasons to buy a house in 2009. Why aren’t you taking advantage of some or all of them? My team and I are able to walk you through each part of the process. Don’t wait for many of these opportunities will disappear by the time that 2010 rolls around.

If you are thinking that is your year to become a First-Time Home Buyer in Indiana, Call or email me to set up an appointment to see how you can go from being a First-Time Home Buyer to a First Time Home Owner today!

Dave Woodson
The Indiana FHA Expert

There are 10 Great Reasons to Buy a Home as a First Time Home Buyer

Here are the first 5

10. This is a double whammy, you get to tell your Landlord and the noisy neighbor upstairs to get lost

9. There are tons of great financing options for The Indiana First-Time Home Buyer

8. As an Indiana First-Time Home Buyer you have many Foreclosures, HUD Homes, Handy Man Specials, Estate Sale, or Short Sales to choose from some at a reduced price and that equals instant equity.

7.. Interest rates are near historical lows this is a great benefit as a First-Time Home Buyer

6. The $8000 First-Time Home Buyer Income tax credit (no need to pay back as long as you live in the home for 3 years)

Stay tuned for more great reasons to buy a new home in Indiana

Dave