Give us a call at 303.779.0591

Do you know about the MCC?

Do you know about the MCC?

If you haven’t heard about the MCC (Mortgage Credit Certificate) and you are a looking to buy a home, you REALLY need to take the time to find out more and how it can benefit you.  The MCC is available to first-time home buyers OR NON first-time home buyers if purchasing in a targeted area!

It is a tax credit  that reduces the amount of federal taxes liabilities by letting you claim up to 20-50% (%varies on loan amount) of you annual mortgage interest as a tax credit. You are still able to claim the remaining mortgage interest as a tax deduction. So it is a double bonus!

By adjusting your withholdings, this means more money in your pocket! Who wouldn’t want more $$$ in their paycheck?  Yes, there are income and purchase price restrictions (click here for guidelines).  The purchase price and income limits are higher for targeted areas.

Again my question is, “if you qualify for an MCC, why wouldn’t you get an MCC?”  What are you waiting for? Contact us to find out more.  Or click here to get pre-qualified.

~Cheers,

Ray Williams

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Mortgage Advice
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Denver 411
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303.779.0591
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Licensed in Colorado as Maestro LLC (DBA Mortgage Maestro Group) is an Equal Housing Lender.

387 N Corona St #646, Denver, CO 80218.

NMLS Unique Identifier #1838215

Consumers wishing to file a complaint against a company or a residential Mortgage loan originator should complete and send a complaint form to the Texas department of savings and mortgage lending, 2601 North Lamar, suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the Department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.

Home Mortgage Disclosure Act Notice. The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s website.

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