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Loan Modification

: The Truth About Mortgage.com

Homebuyer Tax Credit Can Now Be Used as Down Payment

By scot184

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The first-time homebuyer tax credit can now be used as a down payment, according to a mortgagee letter released by HUD today. It can be used either as secondary financing (second mortgage) or as a short-term loan, otherwise known as a bridge loan, enabling homeowners to come in with little or nothing down (it can also [...]

Full post as published by The Truth About Mortgage.com on May 12, 2009 (boomark / email).

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