The new stimulus package has a lot to understand but one of the best things it offers is the new $8000 Tax Credit to first time homebuyers. A first time homebuyer is someone who has not owned a home for the last 3 years. This tax credit is like free money……a gift..! You must buy a home before the end of 2009! That’s it! If you know anyone who fits into this category, encourage them to check out this opportunity.