President Barack Obama signed the homebuyer tax credit into law today, extending the popular $8,000 credit for first-time homebuyers.

The credit, which was to expire at the end of this month, will be available through next June as long as the buyer signs a binding contract by the end of April.

•The program is expanded to include a $6,500 credit for existing homeowners who buy a new place after living in their current residence for at least five years.

Click on the link below for the new guidelines on this credit:

Homebuyers Tax Credit Guidelines 2009-2010