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First-Time Home Buyer Tax Credit

Here is a great site for all of those who need info on the $7500 tax credit. It is detailed and answers many questions. Remember, it is 10 % of the purchase price or $7500 as a max.

It is basically a 0% interest loan and must be paid back in equal increments over 15 years.

It is paid back when you do your taxes.


http://www.federalhousingtaxcredit.com/glance.php

Posted Wednesday Jan 07