Fed. Home Buyer Tax Credit Extended for Service Members

June 1, 2010

Daily Mortgage Updates

Doug Katz Mortgage Broker 1 June 2010 – The Federal Homebuyer’s Tax Credit has been extended for servicemen and women, as well as federal employees who served abroad in 2009. As with the Federal Homebuyer’s Tax Credit that just expired for the general public, this represents a way to save between $6,500 and $8,000 on the purchase of a primary residence. The extension is for one year and ends for military and federal employees who served abroad for at least 90 days from January 1, 2009 to May 1, 2010, as well as their spouses. The same income and purchase price caps exist, so you should consult with your lender, realtor and tax professional before determining your eligibility. With mortgage rates at some of the lowest points in decades and a buyer’s market, this represents an amazing opportunity for you to save on the purchase of a new home.

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About Doug Katz

As the Senior Mortgage Banker and Sales Manager for Chicago Bancorp, Doug not only originates loans for his personal business, but also oversees affiliations with banks and other financial institutions that depend on Chicago Bancorp to meet their client’s lending needs. In this role, Doug directs the day-to-day mortgage sales operations of over 25 branches in a multitude of Chicagoland’s diverse communities. He brings to these relationships a wealth of industry experience and a dedication to an exceptional client experience that has established Chicago Bancorp as Chicago’s pre-eminent mortgage solution providers. Prior to joining Chicago Bancorp, Doug attended and graduated from West Point. Upon graduation, he was commissioned as an officer in the United States Army Artillery, where served 5 years in numerous roles and in various deployments include service in Kuwait. In addition to his Bachelor’s Degree from West Point, Doug holds an M.B.A. from Loyola University Chicago, where he was also inducted into the Beta Gamma Sigma Honor Society. He also served as President for the West Point Society of Chicago from 2003 to 2005 and still serves on the Board of Directors. When not working, he spends his time with his wife and three children in their hometown of Oak Park, as well as pursuing his passions for fitness, cooking and the banjo. Doug can be reached by phone at 312.738.6079, by email at doug@chicagobancorp.com, on his own blogs, BankerDoug.com and Vet Money Matters. He's also on LinkedIn.

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