Bank Expert on July 17, 2009 5
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$8,000 First-Time Home Buyer Tax Credit
Mortgage & Refinance:
The information below pertains to the American Recovery and Reinvestment Act of 2009 - Fist Time Home Buyer Tax Credit:
$8,000 tax credit is only for the first time home buyers (IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase).
First time buyer can purchase any kind of housing (single family home, town house, condominium, mobile home and even houseboat), but the purchase must occur on or after January 1, 2009 and before December 1, 2009; the purchase date = the day w...
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Improve Your Bank Accounts and Make Money
Money Saver:
This year, US banks are expected to charge consumers over $55 billion in fees. The average savings account pays only 0.50% interest (and most checking accounts earn no interest at all).
Banks work by accumulating deposits, then loaning that money out as a mortgage or to a business. Those loans are paid back at an interest rate that is typically around...
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Checking Accounts and Their Value
Checking & Savings:
There are many types of checking accounts below are the most popular types:
1. Basic checking -- This is for people who just use a checking account to pay some bills and some daily expenses. Some basic accounts require direct deposit or a minimum balance to avoid monthly "maintenance" fees. You may be limited to a certain number of checks per month; exceed that number and you'll pay a "per item" fee for each additional check you write. You don't want to maintain a high balance in these accounts beca...
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Poker Winnings Are Frozen By Feds
Bank Insider:
An advocacy group for online poker said Tuesday (06/09/2009) that the federal government has frozen more than $30 million in the accounts of payment processors that handle the winnings of thousands of online poker players.
The Justice Department long has maintained that Internet gambling is illegal, a view that the poker group challenges.
The Poker Players Alliance told The Associated Press that the U.S. attorney for the Southern District of New York instructed three banks — Citibank, Goldwater Bank and Alliance Bank of Arizona — to freeze the accounts.
Documents obtained by the AP sh...
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