December 2009

                                            EXISTING AND FIRST-TIME
MOVES                                       HOMEOWNERS OFFERED TAX
                                            CREDITS TO SAVE YOU MONEY
A publication of Hudson Valley Federal
Credit Union exclusively for homeowners

                                            Home buyers rejoice! The Worker, Homeownership and Business Assis-
                                            tance Act of 2009 became law in November. It extends and expands the
                                            first-time homebuyer credit allowed by previous acts. That means you can
                                                                      save up to $8,000.
                                                                     To receive the credit, eligible taxpayers must buy
Refer a Friend.                                                      or enter into a binding contract to buy a principal
The greatest compliment we can receive                               residence on or before April 30, 2010, and
for our services is a referral from you!                             close on the home by June 30, 2010.
Do you have a friend or neighbor who’s
looking for a first home, changing                                     For the first time, existing homeowners who buy a
homes, purchasing investment property,                                 replacement principal residence may also claim a
or relocating? If you know someone who                                 homebuyer credit of up to $6,500 (up to $3,250
is looking for a trusted source for their   for a married individual filing separately). They must have lived in the same
real estate financing, let them know that
                                            principal residence for any five-consecutive year period during the eight-
we are here and ready to help.
                                            year period that ended on the date the replacement home is purchased.
Three convenient                            People with higher incomes can now qualify for the credits. The new
ways to reach us.                           law raises income limits for homes purchased after November 6, 2009.
                                            The credit phases out for individual taxpayers with modified adjusted
Call.                                       gross income (MAGI) between $125,000 and $145,000 or between
845.463.3011 to speak with a real
                                            $225,000 and $245,000 for joint filers.
estate specialist about the mortgage
options available at HVFCU or to apply
over the phone.

Ready to purchase or refinance your
home? For information or to apply online
visit us at hvfcu.org.

To arrange for an appointment with
a Mortgage Consultant, call us at
845.463.3011, visit us online at
hvfcu.org, or stop by any of our
DECORATING YOUR HOME                                                                                        KEEP YOUR
ON A BUDGET                                                                                                 FINANCIAL
Simple Decorating Ideas                                                                                     GOALS ON
If you want to change the look of your home and think you have to spend a lot of money, think
again. Here are some decorating ideas that will help you fall back in love with your home without
                                                                                                            TRACK IN 2010
emptying out your wallet.
                                                                                                            Come in for a
                                                        Paint                                               financial review.
                                                        A fresh coat of paint can revitalize a space.
                                                        Whether you go bold or play it safe with            You don’t need to have a huge
                                                        neutrals, color can evoke a mood, create a          portfolio to work with a personal
                                                        warm, cozy environment, or just update the          financial planner. In fact, by
                                                        look of your home.
                                                                                                            working with someone you trust
                                                        Color without commitment                            to come up with a solid plan, you
                                                          Let’s say you live for constant change and        could turn a modest amount of
                                                          don’t want to be stuck with one color. An
                                                                                                            savings into a hefty nest egg over
                                                          option would be to go neutral on your
                                                          walls and enliven your space with colorful        time. It all begins with HVFCU
                                                          accent pieces. Look for inspiration in the        Financial Services. Start your
                                                          current season, your clothes, an art piece        financial new year off on the right
or a collection of pottery. Introduce those colors through accessories, lampshades, pillows, window
                                                                                                            track by meeting with an HVFCU
treatments. Area rugs can visually break up the floor space and add more color to the room. As
your walls remain neutral, your surroundings can change with color at a moment’s notice.                    Financial Services consultant.
                                                                                                                          Call 845.463.3366
Designer’s secret                                                                                                         to schedule an
Still can’t figure out what colors to choose? Find
your inspiration piece. It could be a rug, pillow,
bedspread, artwork, anything. Pick one of the
light colors for your walls and a few bolder or
                                                                                                                           Securities, advisory services,
darker colors to accent the room.                                                                                          and insurance products
                                                                                                                           offered through LPL Financial
Switch plates                                                                                                              and its affiliates, a Registered
It is an often neglected item but new switch plates                                                                        Investment Advisor, Member
are a simple change with lots of impact. Think                                                                             FINRA/SIPC. HVFCU is not a
                                                                                                                           registered broker/dealer and is
about the style and color of the room when
                                                                                                                           not affiliated with LPL Financial.
making your selection.
                                                                                                                           Not NCUA Insured
Hardware                                                                                                                   No Credit Union Guarantee
Whether it’s your kitchen or bathroom cabinets or                                                                          May Lose Value
a piece of furniture, new knobs for drawers and                                                                            Not federally insured
                                                                                                                           Not obligations of the
doors will make everything look new again.
                                                                                                                           credit union
                                                                                                                           Not guaranteed by the credit
De-Clutter                                                                                                                 union or any affiliated entity
No matter how much you spend on                                                                                            Involve investment risks,
decorating, if you have too much stuff it                                                                                  including the possible loss of
won’t look or feel good. More importantly,                                                                                 principal
you won’t function in your space. Trash it.
Donate it. Sell it. Just get rid of it.

Claudia of Claudia Jacobs Designs is a decorator
specializing in Real Estate Staging. Read
Claudia’s Corner every Sunday in the Times
Herald Record. Contact info: 845.294.8993,
                                                                                                        HVFCU offers financial services to 225,000
www.claudiajacobsdesigns.com                                                                            members in 17 branch locations.

                                                                                                        Hudson Valley Federal Credit Union
                                                                                                        159 Barnegat Road, Poughkeepsie, NY 12601
                                                                                                        845.463.3011— hvfcu.org

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