ok this is a new law so i could be incorrect but i believe it's only a 3 year committment not 5 years. Either way she gets the benefit of it now and doesn't actually have to pay any money it is an automatic deduction when she sells the house.
according to historical statistics once the market recovers and starts appreciating the value of the home will well exceed the $7,500 loan payback. at a minimum a $200,000 appreciating at just 1% a year will return the investment in 4 years.
|