Misleading Information in a Magazine Article Entitled: 'Rent vs. Buy?'

As some of you know, I am getting married next year in October. Of course, I subscribe to just about every bridal magazine out there. As I was reading the November/December 2009 issue of Bridal Guide, yes it sounds early, I came across an article about things you should consider before purchasing a home. I thought it would be a good read, but of course I found some information I don't necessarily agree with!

In the first Q & A section, the author encourages buyers to have 20% for a down payment... However, in Casa Grande there are many loan programs available where buyers only need to cover their own closing costs and they're in the door of their first home!
One loan program is referred to as USDA and is only available in certain rural areas. It offers buyers up to 102% financing, which means the loan can also cover closing costs, as long as the home appraises. This is one of the most attractive loan programs available to first time homebuyers here!
Another viable option for first time homebuyers is FHA financing. Buyers are required to put down 3.5% out of their own money, but they can ask the seller for closing cost contributions. This means that on a $100,000 loan, the buyers must come to the closing table with just $3,500, some of which can be a gift from family!

In a question that asks, "What else should home buyers beware of?" the author suggests that the $8,000 tax credit isn't a real benefit unless you're in a higher tax bracket. I don't know about you, but if someone told me that I could spend less on my mortgage per month than what I pay to a landlord AND receive $8,000 on my next tax return... I'm definitely in!
Did you know you can also amend your 2008 taxes to receive the full $8,000 refund sooner?

I'm not quite sure who the author is or what knowledge and experience she has regarding real estate, but I just thought I'd set some facts straight. Sometimes you can't always believe what you read, please be sure to consult a local Realtor and a tax consultant!