REPEAT HOMEBUYER TAX CREDIT  

    Repeat buyers are now also eligible for a $6,500 tax
    credit if they meet certain requirements.

    If you have lived in a home as your principal residence  
    for 5 of the last 8 years, learn more about how you can
    take advantage of the $6,500 tax credit when you
    purchase a home before April 30, 2010.  Consult                                                                
    your accountant or tax advisor to see if it makes
    sense for you.


 WHY WAIT ANY LONGER? GET $6,500 CREDIT 
 JUST FOR MOVING  UP TO THE HOUSE YOU 
 ALWAYS WANTED.

    Declining home prices and low interest rates have
    created a favorable buyers market! This is your opportunity to 
    move into the area you have always wanted for a reasonable price!  

    Repeat homebuyers have just under 6 months to qualify for up to a  
    $6,500 tax credit. You have until April 30, 2010 to go under contract,
    and until June 30, 2010 to close on the purchase.

  DON'T MISS THIS GREAT BUYING 
  OPPORTUNITY!

    Potential buyers need to act now while all these positive
    factors are in place at the same time because it won’t
    last forever.

    It should also be noted that most of the news stories
    have gone way overboard on new lending guidelines by
    portraying a market where there is almost no way to get
    a mortgage.

    THIS IS NOT TRUE! We can still do loans with as little
    as 3.5% down. Fixed rates, interest only and adjustable
    rate loans are all still available if you qualify.

  START YOUR SEARCH NOW!

 Get pre-approved and start looking today! Call: 
  Julie Wallach
  Senior Mortgage Consultant
  Direct (847) 878-5757
  Julie@PillarHomeLoan.com

 PROGRAM OUTLINE

    • The home the repeat buyer sold must have been the buyers principal residence for 5 of the last 8 years consecutively.  The home being purchased must also be the taxpayer’s new principal residence. 

    • The new home must have been purchased by April 30, 2010 and close by June 30, 2010.

    • The credit does not require you to pay it back as long as you live in the home for at least 3 years.  

    • If you have already completed your taxes, you can file an amended return to claim the credit right away!  We have seen several clients do this to claim the first time buyer credit.

    • There is an income limitation for this credit.  Married couples filing jointly must have an income of less that $225,000.  Single buyers must make no more than $125,000.  Higher income buyers may be able to receive a partial credit.