On Friday, November 6th, President Obama signed a bill that will extend and improve the first time home buyer tax credit, which would have otherwise expired at the end of the month.

With this new law going into effect, your customers and clients will have questions. Can you answer them?

• If I own a home now, can I qualify for the tax credit?  


• My wife and I earn a combined income of $200,000 per year.   Can we qualify for the tax credit? 


• Can I use the tax credit to buy a home for $750,000?


• My closing is scheduled for December 10 th .   Can I still qualify for the tax credit?

> Click here for a one-page summary of changes to the tax credit. 

> Click here for FAQs on the Homebuyers Tax Credit extension.