Tax Credit Details

There is a considerable amount of confusion about the First Time Home Buyer Tax Credit.  Go here for some answers to questions and details which will help you decide how you should utilize the credit.  As I talk with other top-selling agents and experts in real estate, we all seem to agree the best approach is to take the credit and don’t spend it!  Put it directly on your mortgage to pay it down.  Then, as you pay the money back, you have essentially obtained an interest-free loan. http://www.federalhousingtaxcredit.com/index.html