Get Your $8000 Tax Credit Early?

The $8000 tax credit the Feds are giving “First Time Buyers” is great, but it could be getting better! Both Inmans and CNN.com have reported that the ability for buyers to access this tax credit early, to use as a down payment, is coming. It would be in the form of a bridge loan. This would help buyers, who are short on their down payment, receive these funds now; to use it as a down payment and then repay it out of their tax refund.

Here’s the link to the CNN.com article:

http://money.cnn.com/2009/05/18/real_estate/tax_credit_as_downpayment/index.htm?section=money_realestate