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#1: First-Time Homebuyer Credit Extension and Increase
This is a good one if you are a first time homebuyer, especially if you close on your home after January 1, 2009.
The maximum credit was raised from $7,500 to $8,000. Plus, this credit has now been extended until November 30, 2009. And best of all, unlike last year’s first-time homebuyers credit, you do NOT have to pay it back in a 15-year interest-free loan... as long as you close on the home between January 1 and November 30 of this year!
With this kind of credit, now’s a good time to really figure out if it’s finally worth it to buy your first home, so take a look at Should I Rent or Buy?
