$7500 tax credit, smoke and mirrors or an advantage?The majority of my clients will not benefit or even qualify for this credit. However indirectly they may benefit if it gets the market moving, so I was hoping for some insight from those that think it will benefit their first time homebuyer clients and how? Being in one of the lucky ground zero states any help will be good but with credit tightening, and MI companies reducing availability I just wonder if an incentive is going to help, especially one that is essentially just an interest free loan.September 02 2008 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.