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Change to the $7500 tax credit?

In a previous blog I talked about the first time home buyer tax credit of $7,500.  It is called a tax credit but it is really a 0% interest installment loan given by the federal government, which you repay $500/year over 15 years.  But there is talk of this credit not being repaid (a true credit) and the deadline to purchase a home extended to December 31st, 2009.  Take a look at the full article from Startribune.com.  Check back here for updated info about this tax credit.  This is a fabulous opportunity for you first time home buyers!

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