According to the news reports that I am reading, the “Stimulus Bill,” both House and Senate versions have a provision for the $7,500 first time home buyer tax credit to actually be a credit rather than a 15 year interest free loan. Since both versions of the bill have this in it, it is nearly a fait d’ complete that it will happen.

It will be interesting to see how this bill progresses and what changes come about because of it. It is my opinion that making this an actual credit is an excellent way to spur purchases by first time home buyers.