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Thread: $7,500 Loan for FHB's?

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    Champ GermDawg has a reputation beyond reputeGermDawg has a reputation beyond reputeGermDawg has a reputation beyond reputeGermDawg has a reputation beyond reputeGermDawg has a reputation beyond reputeGermDawg has a reputation beyond reputeGermDawg has a reputation beyond reputeGermDawg has a reputation beyond reputeGermDawg has a reputation beyond reputeGermDawg has a reputation beyond reputeGermDawg has a reputation beyond repute GermDawg's Avatar
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    $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?





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    2011 NFL Survivor Champion nadB has a reputation beyond reputenadB has a reputation beyond reputenadB has a reputation beyond reputenadB has a reputation beyond reputenadB has a reputation beyond reputenadB has a reputation beyond reputenadB has a reputation beyond reputenadB has a reputation beyond reputenadB has a reputation beyond reputenadB has a reputation beyond reputenadB has a reputation beyond repute nadB's Avatar
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    Re: $7,500 Loan for FHB's?

    Quote Originally Posted by GermDawg View Post
    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.
    Last edited by nadB; 09-23-2008 at 12:58 PM. Reason: typo
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