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43206 : Real Estate Advice

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Wed May 4, 2011
William Dawes answered:
That tax credit is finished unfortunately. There is, however, still a Tax Credit being offered by the State of Ohio that is even better than the Federal one from last year (in my opinion). This is the Ohio Housing Finance Agency (OHFA) "Mortgage Credit Certificate." This program allows you to receive a Tax Credit (Actual cash back on your tax return, not a write-off) in the amount of 20% of the Interest you pay on your mortgage per year for the *life of the loan.* Depending on the purcahse price this could amount to $1,000 or more per year for the first 8-10 years! Feel free to ask for details or visit OHFA's website at http://www.OhioHome.org/MCC ... more
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