Despacito. You may think its a Luis Fonsi song with Daddy Yankee about getting sexy with a mamacita in Puerto Rico. But now it can mean taking your time to buy your new house with the First Home Savings Program recently passed by the New York State Legislature.
You see the assembly just passed the bill allowing first time homeowners to bank away $5,000/year for singles and $10,000 for couples, tax deductible like the 529 program for colleges. They cant even tax the interest papi. The state senate also passed it, so now el governador needs to sign it.
You don't have to rush if you are not ready. So que the music and bank away your money using New York First Home Savings Program real suavecito (that means smoothly for your gringos). If you need help finding your next casita...AskHollingsworth.