Buying a house / $8000 tax credit?

My husband and I are thinking about buying a house but have a few credit cards to pay off first. I heard about this $8000 tax credit that you get if you buy a house this year. If we bought a house, would we get the tax credit now, if so that would pay off our credit cards and we could safely afford our new house.... show more My husband and I are thinking about buying a house but have a few credit cards to pay off first. I heard about this $8000 tax credit that you get if you buy a house this year. If we bought a house, would we get the tax credit now, if so that would pay off our credit cards and we could safely afford our new house. Can anyone explain how this process works? If we get it now, is it taxable at the end of the year?
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