• From now through JUNE 30, 2010 first-time buyers will be eligible for an $8,000 income tax credit and REPEAT buyers will be eligible for up to $6,500 income tax credit.
• However, details in the law state that your contract must be signed by APRIL 30, with an additional 60 days allowed to get to closing.
• First-time buyers are defined as ANYONE who has not owned a home in the previous 3 years.
• REPEAT buyers are defined as anyone who has owned a home WHICH HAS BEEN their primary residence for FIVE consecutive out of the past EIGHT years. So if you owned a home which was your primary residence and you lived in that home from 2003-2008 but have been renting since that time, YES you qualify for the repeat buyer credit of up to $6,500.
• If you owned a home previously but have been renting for the PAST THREE YEARS, you qualify as a first-time buyer for up to $8,000.
• The income tax credit is claimed at the time you file your tax return. It acts as "prepaid tax" to the IRS, which means if you ordinarily pay taxes at year end, your obligation will be REDUCED by the amount of the credit, with the balance refunded to you.
• If you ordinarily RECEIVE A REFUND, the eligible tax credit amount will INCREASE YOUR TAX REFUND by that amount. YES!! It is ADDED to your refund!
• Every renter should obtain a free assessment from a local, reputable mortgage banker to determine if they are qualified to purchase their first home and what their purchase power and mortgage payment might be. The vast majority of renters are pleasantly surprised to find out that not only do they qualify to purchase a home of their own, but the mortgage payment can be LESS than their monthly apartment rent!
• Mortgage bankers are familiar with the tax credit deadline and are more than willing to provide a free first-time buyer pre-qualification. Every renter should set aside their fears and consult a mortgage banker. Don't miss out on this money!

Interested in Rent-To-Own?

• Due to the market slowdown, many homes which were available for sale are being offered as rentals by homeowners.
• If you're currently renting but would rather own a home of your own and are curious about how to structure a rent-to-own, just call me!
• The very first thing you should do is get pre-qualified, (same process as getting pre-qualified for a mortgage) as the owner of the home will want to be reassured that you can satisfy the monthly rental based on your income.
• Once you have your pre-qualification, the sellers will be much more likely to consider you as a tenant in their home, while you are making the transition to a home buyer.
• Please do not shop online for mortgage services, call me for the name of a local, reputable lender. Call 708-367-4350 and I'll be happy to help. I've helped hundreds of first time buyers.

Questions about buying a home?

• Whether you would like to buy your first home or are trading up . . . today's wide variety of mortgage options can be confusing! Sue Rossi has extensive financing knowledge and can help you decide which mortgage program best suits your needs, including FHA, VA, Conventional, Adjustable Rate Mortgages and more! Just call Dylcia at 708-367-4350. 

SET ASIDE YOUR FEARS! Get pre-qualified if you:

• Have a credit score of 620 or higher
• Have not lost a home to foreclosure
• Have not had a bankruptcy in the past 12 months
• Have been in the same line of work for 2 years
• Call Dylcia at 708-367-4350 for the name of a local, reputable mortgage banker to provide a FREE pre-qualification
• Don't ASSUME you can't qualify for a home of your own! You may be surprised! DON'T let your fears stop you from getting $8,000 EXTRA CASH from the government in your 2009 tax refund check!
• MOM & DAD TELL YOUR KIDS! A check for $8,000 is alot of money for your adult children!

VETERANS! No down payment required!

• ATTENTION Veterans! Not only can you purchase a home with NO DOWN PAYMENT, but did you know you can use your VA benefits over and over again? That's right! Many veterans believe they can only use their VA benefits one time! Not only are your VA benefits re-usable, but they can also be used to re-finance your current home . . . even if you didn't purchase it through the VA program! For more information, call me at (708) 367-4350.

Real Estate Specialties

• Primary Specialty is Residential.
• Secondary Specialty is Relocation.
• Language(s): English.

Professional Qualifications

• First licensed in 1998
• Joined RE/MAX in 2000
• Currently holds the title of Sales Associate

Professional Designations

• RE/MAX club membership: President's Club,
• Executive Club,
• 100% Club

RE/MAX Northern Illinois

• RE/MAX of Northern Illinois is one of the largest RE/MAX regions in the system and Chicagoland’s ongoing leader in real estate, closing more than $11.4 billion in sales in 2007. RE/MAX Northern Illinois agents average more experience and have more professional designations than other agents, plus they outproduce the competition in average units sold and dollar volume. The RE/MAX Northern Illinois network encompasses the top fourth of the state of Illinois and consists of 160 offices with 3600 agents.