Please read the "hot off the press" info that was just posted on the Bairdwarner site! Are you, or someone you know, thinking about buying a home??? It looks like the RIGHT TIME TO BUY! Call us! We'll get you started on you home search today!
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According to CNN, Senate leaders have reached a tentative agreement to extend the $8,000 tax credit for first-time buyers until the end of April.
No vote has yet occurred, and Senators have not yet agreed how the deal would come up for a vote, but there is optimism that any procedural matters will be resolved this week. The provision would then still have to be passed by the House.
In addition to the first-time buyer tax credit, the Senate bill would also add a $6,500 credit for income-eligible current homeowners who have used their home as their principal residence for five of the previous eight years.
This is great news for the real estate industry, but especially for B&W sales associates given B&W Financial Service's unique ability to monetize the tax credit.
As previously mentioned, B&W Financial Services is a partner lender in the Illinois Housing Development Authority's new program offering first-time home buyers an advance loan on the $8,000 tax credit. As such, BWFS is one of few area mortgage bankers able to make this loan.
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