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I guess what I am asking is if I take a bridge loan to get access to the 2009 first-time homebuyers tax credit in order to be able to have more of a down payment or use it for closing costs, do i have to use all $ 8000 or can I use say $ 3000 and pocket the rest?

2 Thoughts on If I take a bridge loan on the tax credit do I have to apply all of it to the down payment or closing costs?
  1. Reply
    November 25, 2011 at 11:46 am

    That is up to the lender. Since it is their money and is it financially beneficial to you to pay a high interest rate? Only you can decide.

  2. Reply
    November 25, 2011 at 12:25 pm

    Hello I am JOHN GONNY I live in ALABAMA USA I saw your question and I decide to give you advise because is not easy getting a loan online there are scam who pretend to be lender but they are not,some time a go I needed money to buy a car and I decide to apply online but just can found one but someone answer my question on yahoo answer and directed me to then I decide to give them a try to my greatest surprise I was give the loan with 2% interest rate and monthly installation repayment,I will advise you contact them now and smile home.

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