Fed tax credit converting into cash (general)

by cristiano, Saturday, May 30, 2009, 04:40 @ stevek

Hello friends.I'm cristiano from spain.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.Thank you.