Maybe you have not heard about mortgage credit certificates (MCC.) They are good news for new home buyers and/or investors. Mortgage credit certificates are a great help, and they are typically worth USD$2,000 that can be applied to your tax return each year. This means you can get that money back from your investment. This is an excellent income-based benefit that not only gives you a break on your tax bill but may also be used toward qualifying for a mortgage.
As a loan officer, I can help guide you through this process, so you don’t have to deal with the HFAs as the homebuyer. Also, your lender will put in a request with the HFA on your behalf, and you will sign the necessary documents at your loan closing. After you close, the HFA will send out an MCC package to you.
There is much more to learn about this topic, so click here to read the full article and all the details about this process: FULL Article.
Follow me and stay tuned as I share valuable content about real estate, loan mortgages, home buying process and more.