mortgagecreditcertificate: Home Buyer Assistance: Mortgage Credit Certificate Explained
- 01/27/15 01:27 AM
Mortgage Credit Certificate Explained Working with Washington state home buyers for years, I have noticed the Mortgage Credit Certificate is a sometimes overlooked form of home buyer assistance that can be used in addition to Washington State Housing Finance Commission (WSHFC) mortgages. Programs like WSHFC Home Advantage, tha provide down payment assistance to eligible borrowers. The MCC is a federal tax credit program for eligible home buyers that helps increase your home purchasing power. The credit provides you with a 20% tax credit on the interest portion of your mortgage payment. Buyers should contact the IRS or a tax professional for (0 comments)