Great news out of Washington today...the Homebuyer Tax Credit Law will be extended by President Obama to June, 1, 2010.  He is expected to sign the bill later today, November 6, 2009.  This tax credit is also extended not only to first time homebuyers but also to current homeowners who have owned their homes 5 years who are interested in purchasing a new home,  their credit will be $6500 whereas the first time homebuyer's credit will remain the same as it was at $8000.  Below, I have added some helpful links regarding the tax credit law and some FAQ's.  

Changes to the Homebuyer Tax Credit Law

Frequently Asked Questions About the New Bill

In Depth: 2009 First-Time Homebuyer Tax Credit

 

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