Posted on July 30, 2011.

Can someone explain in lay man terms have EXACTLY What is this tax credit 8k for first time home buyer.
If I am a first time buyer, salaried With 60K/year, planning to buy 190K Home for the first time in my life
That does it mean to me Giving Government IS 8K From There to buy home end Which I Do not Have to repaid? 8K Is That to me like a gift from govt Which I Do not Have to repaid?