Sign In | Create an Account | Welcome, . My Account | Logout | Subscribe | Submit News | Staff Contacts | Home RSS

Tax Payment = Down Payment?

April 22, 2009 - Sylvia Heldreth
A number of real estate and lending professionals are trying to turn the $8000 tax credit from the Federal Government into part of a down payment for first time homebuyers. This seems like a way to help first time buyers who may be strapped for cash buy their first home.

Critics believe that buyers who haven't saved for a down payment and don't have much cash pose a higher risk of foreclosure than those who have had the discipline to save. This might only add to the problem of foreclosures.

What do you think?


Article Comments

No comments posted for this article.

Post a Comment

You must first login before you can comment.

*Your email address:
Remember my email address.


I am looking for:
News, Blogs & Events Web