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"This so-called 'credit' is really an interest-free loan of $7,500 from the government to first-time home buyers..."
Yes, it will help. A bit. A tiny bit. It would save a buyer about $15 per month on a $200,00, 15yr, 5.5% mortgage (assuming that tha $7,500 is paid off in equal installments).
In other words, do not expect miracles.
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Tax credit for home buyers could underpin market??
Amberleighe
Contributions: 22
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Anyone heard about this?
http://www.marketwatch.com/News/Story/Story.aspx?guid=2b3b770422894efcb932f256a6e3f921&siteid=nwhreal&sguid=0O-tnl-Gv06wnMW85owq1A
Could it really help some of us sell?
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