How To Spend Obama's $8000 Housing Money?

What would you do if you got the Obama $8000 for first time home buyers credit?

What would you do if you got the Obama $8000 for first time home buyers credit?

Let me start by saying I would probably use that $8000 towards closing costs. Closing costs are just normal transfer fees when buying or selling real estate, usually between 1 - 2% of the sales price.
You could pay down your loan rate and lower it to 4% or 5%, and that's called "buying points."
Another way you could spin the $8000 is to attack you principle dollar amount, so get am $8000 head start in paying down that debt. Besides, it also reduces your overall monthly payment around $50 a month. Not bad considering a tank of gas will cost you $50 bucks!

Geez these are such dry things to spend $8000 on. What cool and sexy things would you do?

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