I had a teacher in high school, Mr. Smith, who had a saying that’s stuck with me. I remember little from his government and US history class but this phrase:
That’s right, the first-time home buyer credit has an expiration date, and it’s rapidly approaching.
I’ve written a few times here on the blog now about the First Time Buyer Tax Credit, and one of the things that kept getting thrown about was whether the credit could be used as a downpayment. For the longest time, the answer was no, but recently that’s all changed – kind of.
I thought it was probably too good to be true.