With the 2009 first-time homebuyer tax credit of $8,000 expiring Dec. 1, would-be buyers must act now to claim the credit and possibly lower their mortgage debt. Free online consumer portal Bills.com has eight tips to help home buyers make their purchase a reality.

Some are speculating that the first-time home buyer tax credit will be extended, perhaps by another year, but Congress has not yet taken action. However, the U.S. House of Representatives last week did pass a bill that would extend the credit for another year for U.S. service members who served at least three months of qualified overseas duty during 2009.

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