First - Time Homebuyer Tax Credit

My wife and I bought our first home in 1997. Back then there was no "creative" ways to finance a home, no 80/20 options. You had to have 20% down payment, if not then you could possibly get a 3% or 5% option but you would need to pay mortgage insurance fees. Interest rates were around 7%-8% -not bad for the time, actually everyone thought those were great rates. Now, the average home price was probably closer to $150k compared to $220k today but it's been almost 12 years. Interest rates today are between 5% & 6% the 80/20 options are gone (thank goodness), but you can still get conventional 30 year fixed rate mortgages and pay the mortgage insurance just like I had to do back in 97' One thing I did not have was the new first-time homebuyer tax credit. What a great deal. I wish I could somehow be a first time homebuyer today. How can an additional $8,000 in your pocket not make it a great deal. I've read up on this tax credit and broken down the details in a short video. Check it out, follow link below. 

First-  Time Homebuyer Tax Credit Video