$7,500 Loan for FHB's?

I was wanting some advice on whether I should take the so-called First Time Homebuyer Tax Credit; which upon further investigation is actually a $7,500 no-interest loan that will be applied toward taxes this year and then repaid at $500 a year for 15 years. I'm not sure if it would be worth the hassel to get it then invest in a bond/CD/money market make the profit of the interest each year. Any advice?

Quote:

---

Originally Posted by GermDawg

I was wanting some advice on whether I should take the so-called First Time Homebuyer Tax Credit; which upon further investigation is actually a $7,500 no-interest loan that will be applied toward taxes this year and then repaid at $500 a year for 15 years. I'm not sure if it would be worth the hassel to get it then invest in a bond/CD/money market make the profit of the interest each year. Any advice?

---

You can't lose on that deal unless price deflation occurs. Not likely, I'm guessing. Me, I'd grab it.