One of the benefits to being in the mortgage business for over 30 years is that I can introduce programs that many in real estate either don’t know about or have forgotten. One of these gems is the Mortgage Credit Certificate (MCC) program.
What is a Mortgage Credit Certificate?
Simply put, it’s a tax savings program that allows a home-buyer to take a dollar-for-dollar reduction on 40% of the mortgage interest paid (max $2,000 per year). You get to take this reduction each and every year for the life of the loan. The savings of the MCC allow me to increase a buyer’s qualifying power as well. If you save $150/mo with the MCC, you’ll qualify for another $150 per month on your home mortgage!
How do I know if I qualify?
Call today to learn about sales prices, income, and prior ownership restrictions at 520-495-7237.