**NEW** Mortgage Credit Certificate (MCC) in Colorado

First Time Homebuyers - Mortgage Credit Certificate - Colorado

The Mortgage Credit Certificate (MCC) program is no longer just for Denver County but Colorado as a whole!  The program is in addition to the $8,000 first time home buyer tax credit. 

In simplified terms the Mortgage Credit Certificate (MCC) will put thousands of dollars in your pocket on an annual basis.  When compared to the $8,000 credit the MCC will actually be more beneficial financially.

The program is simple.  By way of an additional tax credit you will receive an extra $100 - $300 of income, every month!  The credit will remain in place until you no longer occupy the home.  So in theory you could receive the credit for an infinite amount of time, resulting in much more cash in your pocket than the $8,000 tax credit.  By the way, it's not a loan!

Funds for this program are limited which should give first time home buyers a real motivation to purchase a home within 2009.

 

Michael Shotnik

MCC Specialist

Summit Home Mortgage

mshotnik@MCCcolorado.com

303-800-4595

 

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