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!