Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Money and Main Street
7 of 7
BACKNEXT
Ryan McKeown
Ryan McKeown
Ryan McKeown, 26, is a software technician for a health care company.
Location: Portland, Maine
Property: 3-family home
Price: $255,000

I didn't want to dip into my retirement account for a down payment, and the tax credit let me buy a three-family house without emptying my retirement.

I closed on the house in May, and it is in a neighborhood that's not quite as nice as where I was living, but it's getting better.

I took the second floor one-bedroom apartment and rented out the top floor one-bedroom apartment and the ground floor two-bedroom. The rent will help pay off most of my mortgage, which is an FHA loan.

I have very low monthly housing bills now, but I couldn't have afforded the house I wanted without the tax credit. And I got the check about seven weeks after I filed my amended tax return.

More galleries

Last updated November 09 2009: 11:06 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
15 top-paid CEOs The 15 highest-paid corporate chiefs in America took home nearly $700 million last year -- about $47 million apiece on average. Expedia's Dara Khosrowshahi tops the list -- with $95 million in total pay. David Zaslav, who was no. 1 last year moves down to no. 15 this year. More
Driving Bentley's new SUV Spending an afternoon in Bentley's luxurious new $230,000 SUV. More
Best cars for the super-rich The Robb Report has selected these as the best new cars and SUVs for anyone who doesn't have to worry about how much they spend. More

Special Offer