"We have never forgotten that this is a people business and we treat our clients with respect. We take the time to get to know their home purchasing goals and communicate with them throughout the entire mortgage process," continued Frank. The company's customer-first attitude is a main factor in Paramount's sustained operation over the past 40 years since 1970.

"Our corporate approach generates the repeat business that fuels our growth. In 2010 we celebrate our 40th anniversary as an independently owned mortgage company headquartered in St. Louis; an exceptional achievement in our industry." Paramount has continued to expand nationwide since 2008 "From St. Louis to Seattle" adding offices in Seattle, Chicago and Northern Idaho.

"Happy 40th Anniversary everybody!" offered Frank in a note to the Paramount staff. "Thanks to all of you for making us what we are today. Let's all step back and appreciate the good work we are doing and smile."

Tax Tips from the IRS -
Paper or......Electronic?

The correct answer is paper, especially for First-Time and Repeat Homebuyers claiming their respective $8,000 or $6,500 tax credit on 2009 or 2010 returns. Electronic filings are not allowed.

Legislative changes in November 2009 added documentation requirements that the IRS' e-file system is not able to handle. The wide variety of required supporting hard copy documents you would have to submit, depending upon which tax credit you are claiming, can include:

• Copy of the signed, binding sales contract
• Properly executed HUD-1 Settlement Statement
• Form 1098, Mortgage Interest Statements
• Property tax records
• Homeowner's insurance records

Repeat Homebuyers will need to provide documents that show their continued homeownership for the required five out of the past eight years.

Failure to submit documentation will slow down the processing of the refund. Keep in mind, the IRS has stepped up compliance checks to reduce fraud. For more information, go to the IRS website here.