mortgage tax credit: Mortgage Credit Certificate Program and Tax Reform
- 11/17/17 08:15 AM
The proposed Federal Tax Reform Program, if left as it is drafted in H.R.1, will eliminate a program that helps more than half of our customers qualify to buy the home of their dreams. We focus our business on First Time Home Buyers, and the proposed Tax Reforms from Congress that go into effect 1/1/2018 eliminates the Mortgage Credit Certificate Program (MCC) nationwide. This program is often referred to by first time home buyers at Mortgage Tax Credits. In a Statement from the NC Housing Finance Agency they advised:
The current draft of the tax legislation (H.R.1) will impact the availability of affordable housing … (5 comments)
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mortgage tax credit: Construction Loan How To Finance A New Home
- 10/10/17 09:02 AM
If you want to find a Builder to build your home on a lot, how do you do that? One way is to have the Builder take out a mortgage, and in that situation, you normally have to make a pretty sizable deposit with the builder, often times it’s at least 20%. IF you own the lot, you might have to sign it over to the Builder. After all they are taking a huge risk that they will build the house, tie up their materials, man hours and credit line, and you might not ever be able to close.
With our new … (3 comments)
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The proposed Federal Tax Reform Program, if left as it is drafted in H.R.1, will eliminate a program that helps more than half of our customers qualify to buy the home of their dreams. We focus our business on First Time Home Buyers, and the proposed Tax Reforms from Congress that go into effect 1/1/2018 eliminates the Mortgage Credit Certificate Program (MCC) nationwide. This program is often referred to by first time home buyers at Mortgage Tax Credits. In a Statement from the NC Housing Finance Agency they advised:
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