Find Financial Freedom
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Financial Quick Fixes
See real people tell their real stories, and hear from the experts about what steps you can take right now to improve your financial situation.
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AryanK November 13, 2009, 2:34 am
This is very useful especially in tough tmes like this where everybody is scrambling just to improve the financial situaion we have today. We are lucky that the problem in being a home buyer was erased to the lists of other problem because Congress recently passed a Homebuyer tax credit 2010 extension. The previous credit was set to expire at the end of November, 2009, but the Homebuyer tax credit 2010 edition will keep it going until April 2010, although with modifications. For one, the credit has been reduced to $6500 from $8000. Next, to qualify – you must not have owned a home for 3 years, or owned the current one for over 5. You can't make over $225K per year (for couples, $125K single); you can't buy a home costing over $800,000, or a second home. (Take that, Hoi polloi!) The homebuyer tax credit 2010 may save some people a pay day loan or two, but it's going to go fast.
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