Alec Grebis over at the First Time Home Buyer Mortgage Blog wrote a great post which details a way for new buyers to actually save money up using the new $8,000 Tax Credit that the Obama Stimulus Bill includes.
It’s a great idea if you need to scrape together some cash in order to afford a down payment or cover your closing costs.
However, don’t spread yourself too thin with this method. And make sure you really do follow through and buy the home.
Head over to the Mortgage Scoop to read the full article.
