"Tax Credit" my A_ _; this is a loan! And what a great loan it is!
Whether it's the best way or not - it's a done deal! And it's an amazingly fantastic, one-of-a-kind deal for $7,500** loan. There is absolutely no interest and the homebuyer can take a full 15 years to pay it back. The tax burden is only increased by $500 per year, after skipping a year before repayment starts.
(H.R.3221.ENR Sec.3011.FIRST-TIME HOMEBUYER CREDIT)
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