Ypsi: Tax Credit

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CNN Money reports on three examples of homeowners that have taken advantage of a refundable $8,000 tax credit for first-time homebuyers, part of the federal stimulus package. One of those is Rob Logan, a 28-year-old who bought a house in Ypsilanti last year. “The credit helped me pay for all my appliances and some plumbing and other maintenance. I was able to spend more of my saved money on a 20% down payment and that has made my mortgage more affordable.” [Source]