Fed tax credit converting into cash (general)

by John02, Friday, May 29, 2009, 02:20 @ stevek

Buyers eligible for the credit who apply for mortgages insured by the Federal Housing Administration (FHA) may soon also be eligible for bridge loans or cash advances - up to $8,000 - that they can use for the down payment, closing costs or other loan expenses pending receipt of their tax credit check from the IRS.
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