A Mortgage Credit Certificate Just Made Home Buying a Little Easier!
Hello Hampton Roads,
A mortgage credit certificate (MCC) just made home buyer a little easier!
If you are buying your first home, this could save you potentially thousands of dollars on your federal income taxes.
It gives buyers a 20% dollar for dollar credit based on the total amount of mortgage interest paid for the year and every year thereafter that the buyer owns the home!
In addition, the remaining 80% of the mortgage interest can still be deducted on your return.
Since the early years of a mortgage is front loaded with interest, meaning you initially pay more interest than principal, this is a huge savings!
Check out this video explaining the process:
There are many things you can do to put yourself in the best position to buy a home from taking advantage of MCCs, special home buyer financing and 1st time home buyer grants.
I specialize in knowing about a variety of these products from a federal, state and municipal level and have helped many home buyers use these programs to help them buy a home.
If you have any questions or want to know what your options are, please contact me.
Thanks for Reading,
_________________________
Serving your Hampton Roads and Virginia Beach Real Estate needs. Liz Schuyler on Google+
A mortgage credit certificate (MCC) just made home buyer a little easier!
If you are buying your first home, this could save you potentially thousands of dollars on your federal income taxes.
It gives buyers a 20% dollar for dollar credit based on the total amount of mortgage interest paid for the year and every year thereafter that the buyer owns the home!
In addition, the remaining 80% of the mortgage interest can still be deducted on your return.
Since the early years of a mortgage is front loaded with interest, meaning you initially pay more interest than principal, this is a huge savings!
Check out this video explaining the process:
There are many things you can do to put yourself in the best position to buy a home from taking advantage of MCCs, special home buyer financing and 1st time home buyer grants.
I specialize in knowing about a variety of these products from a federal, state and municipal level and have helped many home buyers use these programs to help them buy a home.
If you have any questions or want to know what your options are, please contact me.
Thanks for Reading,
_________________________
Serving your Hampton Roads and Virginia Beach Real Estate needs. Liz Schuyler on Google+
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