Comments on: Free Money For First Time Home Buyers?

By: Las Vegas Down Payment Assistance | Las Vegas Mortgage Blog

Las Vegas Down Payment Assistance | Las Vegas Mortgage Blog — Mon, 06 Oct 2008 03:47:41 +0000

[...] is also a new tax credit of up to $7500 that a first time home owner can take advantage of to help cushion the down [...]

By: Chris Brown

Chris Brown — Sat, 20 Sep 2008 22:43:40 +0000

Isn’t the payback period for the $7500 interest free loan, 15 years. Maybe I misread, but i thought your post said 5 years.

Thanks

Chris the implementer

By: Mark Madsen

Mark Madsen — Thu, 18 Sep 2008 04:01:36 +0000

Fred, great post. I guess that I didn’t realize that the tax credit was actual money back – cash in hand. Not sure what I was thinking when I first heard about the new H.R. 3221 Bill, but a $7500 tax refund sounds great.

Thanks for the insight.