Saturday Strategy
Mortgage FAQ's, did you knows and much more...
Mortgage Credit Certificate - Arizona
I'm here to share a valuable tip with you about Mortgage Credit Certificate (MCC). If you're a first time home homebuyer, especially with moderate income, this could be a game-changer.
Understanding MCC: MCC is a program designed to assist low to moderate-income homebuyers in reducing their tax burden through an IRS tax credit. It's a tool we recently used to help two families, and it's something more people should know about.
The Cool Factor: What's truly fascinating is that many lenders are unaware of this fantastic benefit – you can use the MCC tax credit as part of your income. In some cases, it can even be applied to lower mortgage insurance costs, further reducing your monthly payments. The best part? This benefit is for the entire life of your loan.
Qualification and Application: To be eligible, you must be buying a home for your primary residence and meet specific income and purchase price limits. If you think you or someone you know might qualify for this program, especially first-time homebuyers, don't hesitate to reach out. The MCC opportunity is ongoing, and once you secure it, you can use it for the entire duration of your mortgage as long as you qualify each year.
Why It Matters: With the growing affordability challenge in the housing market, finding additional income through programs like MCC is crucial. This tax credit can be worth up to $2,000 annually, making a significant impact on your qualification.
Conclusion: Thank you for tuning in. If you know someone who could benefit from this information, please share it with them. Whether it's to ease the path to homeownership or just to enjoy that extra $2,000 every year, MCC is worth exploring.
For more info go to https://cictucson.org/mcc/
This is available in states outside of Arizona and we can help with that too! just give us a call at 480.553.8770
P.S. Can I count on you to call us when any friends, family or coworkers are looking to buy, sell or refinance a home? We'd love to help! You can just text/call me at 480.553.8770.
Using Real Estate to Build Wealth Without Selling Stocks
How Arizona homeowners can leverage real estate while keeping their investment portfolios intact. What if you could invest in real estate without selling your stocks, liquidating retirement savings, or disrupting your long-term investment strategy? For many Arizona homeowners, the opportunity may already exist in an asset they own: their home. As a Certified Liability Advisor,…
Fed Holds Firm as Sellers Stay Put
Inside Lending FOR THE WEEK OF November 2, 2026 QUOTE OF THE WEEK “Great things are done by a series of small things brought together” — Vincent van Gogh, Dutch painter NATIONAL MARKET UPDATE New listings declined 1.5% year over year as sellers grew more hesitant to enter the market. With fewer fresh listings, Realtors…
The Fed meets Wednesday. Inventory Climbs. Rates Ease Slightly.
FOR THE WEEK OF October 26, 2026 QUOTE OF THE WEEK “Well done is better than well said.” — Benjamin Franklin, American polymath, Founding Father of the United States NATIONAL MARKET UPDATE Active inventory jumped 7.7% year over year, its fastest growth since January. Unsold homes continue accumulating as buyer activity slows, giving motivated buyers…
Fewer Listings, Slower Sales, and Rates in Focus
Inside Lending – Week of October 19, 2026 QUOTE OF THE WEEK “The future depends on what you do today.” — Mahatma Gandhi NATIONAL MARKET UPDATE New listings fell 5.1% from last year, the sharpest decline since winter. Fewer homeowners are listing, but homes aren’t selling quickly enough to reduce inventory. Sellers must price…
More Homes, Softer Demand, and a CPI Test for Rates
With active inventory rising 6.7%—the fastest growth since February—shoppers now have more options and stronger negotiating power in the housing market.
Renovate or Relocate? What Phoenix-Area Homeowners Should Know Before Deciding
You have spent years making your house feel like home. Maybe you raised kids here, hosted every holiday, and know every neighbor on the block. So when you start thinking about the next chapter, it is natural to wonder whether this is still the place you want to spend it. Some homeowners want to stay…
Two Moves That Can Get You Into Your First Home Sooner
For a lot of first-time buyers, owning a home can feel perpetually a few years out of reach. Saving for a down payment takes time, and each year you spend renting can make owning feel further off. But buying your first home doesn’t have to happen to feel like a far away goal. Two choices…
Buyers Gain Leverage as Inventory Climbs and the Fed Slows Down
Inside lending FOR THE WEEK OF October 5, 2026 QUOTE OF THE WEEK “A year from now you may wish you had started today.” — Karen Lamb, British author & illustrator NATIONAL MARKET UPDATE Active inventory climbed 6.3% from last year, the strongest growth in at least six months. September inventory is now just 9.1%…
What Higher Mortgage Rates Mean for Home Sellers
Higher mortgage rates don’t just affect buyers. They can change what it takes to sell your house, too. That’s because today’s buyers are paying close attention to affordability. And when rates rise, even a relatively small change can make a noticeable difference in their monthly payment. So, they’re looking for ways to make the numbers…
Hoping for (or Dreading) a Housing Crash? Here’s the West Valley View
Every few weeks, a buyer tells me the same thing: “I’m going to wait for prices to drop.” I understand why. Phoenix prices climbed fast, and a lot of people feel locked out. A recent Clever survey found 58% of Gen Z buyers are actually rooting for a crash, just so homeownership feels within reach.…
P.S. Can I count on you to contact me if you hear that a friend, family or coworker is looking to buy, sell or refinance? Call/Text 480.553.8770 - We'd be honored to help them too!