Financing in 77479>Question Details

Ginger Rivers, Home Buyer in 77479

What is an MCC mortgage loan and how does it work? Will you recommend to get into such program?

Asked by Ginger Rivers, 77479 Wed Oct 20, 2010

0 votes Share Flag Financing in 77479

Help the community by answering this question:

Answers

1
Yes, the MCC is the Mortgage Credit Certificate. Which means that the federal government grants us a 50% refund of our mortgage interest (to a maximum of $2,000) each year. The money comes to you via a tax credit that you claim when we file our federal income taxes. Which in turns reduces the amount of money you pay taxes on by up to $2000 every year as long as you live in the home.
We use a lender that can talk and walk you through the process and it free. Click on the web site below and in the referred by block pub "TEAM FLOYD' and it's 100% free to start the process, and find out what this program does for you. Feel free to give us a call if you have any questions.
Web Reference: http://www.kwloan.com
0 votes Thank Flag Link Wed Oct 27, 2010
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer