How could my daughter take advantage of the tax credit. for a home that I was helping to buy but must re-finance. I paid the down payment and put her as the borrower and my self as the co-borrower. It was purchased in 2006 for $245,000 and loan was for $196,000 at 6.125%, 15 year fixed. I can no longer help with payments of $1981.00 including taxes and insurance. The balance of the mortgage is approximately $165,000 and my daughter's monthly income is $1908.84 after all deductions. Her yearly gross pay is $64,545.57. Her boyfriend has lost his job and can only help very little.September 29 2009 - Ironwood Ridge11YesReport 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.