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.
The Fed Just Raised Rates. Buyers Still Have Leverage.
Inside Lending FOR THE WEEK OF September 21, 2026 QUOTE OF THE WEEK “You can’t wait for inspiration. You have to go after it with a club.” — Jack London, American novelist NATIONAL MARKET UPDATE Active inventory climbed 5.0% from last year and remains near its highest level since 2019. More homes to choose from,…
Jobs Keep Rates Higher but Buyers Just Got More Leverage — Here’s What’s Behind It
Inside Lending FOR THE WEEK OF September 8, 2026 QUOTE OF THE WEEK “A person who never made a mistake never tried anything new.” — Albert Einstein, Theoretical physicist NATIONAL MARKET UPDATE Housing inventory reached 1.15 million homes, the highest level since 2019 and up 4.7% from last year. More choices and softer prices continue…
Remote Work Is Bringing Buyers to Greater Phoenix, and Reshaping Where They Buy Once They’re Here
If you can work from anywhere, the question isn’t just “can I afford a home.” It’s “where does my paycheck actually go furthest, and what kind of life am I building.” For a growing number of buyers, the answer keeps landing on Greater Phoenix. I’m seeing this play out two ways right now, and both…
Is Buying ASU Student Housing Better Than Renting?
For many Arizona parents, college planning eventually becomes a pretty expensive question: How are we going to pay for four years of tuition, housing and everything else that comes with college? Most families immediately think about 529 plans, savings, student loans or possibly pulling money from retirement accounts. But there may be another strategy worth…
Buyers Have More Leverage Than They’ve Had in Years — But This Week Could Change That
Inside Lending FOR THE WEEK OF August 31, 2026 QUOTE OF THE WEEK “Success is the sum of small efforts, repeated day in and day out.” — Robert Collier, American author NATIONAL MARKET UPDATE Active inventory reached 1.14 million homes, its highest level since 2019, while the median asking price slipped to $420,000. Homes are…
Buyer Leverage Is Back: Inventory Hits Its Highest Level Since 2019
Inside Lending FOR THE WEEK OF August 24, 2026 QUOTE OF THE WEEK “The cure for boredom is curiosity. There is no cure for curiosity.” — Dorothy Parker, American poet, critic, and screenwriter NATIONAL MARKET UPDATE Active inventory climbed 3.6% from a year ago and reached its highest level since November 2019, giving buyers more…
Here’s Why Mortgage Rates Are What They Are Right Now (And What It Means for Greater Phoenix Buyers)
If you’re waiting for mortgage rates to fall a lot before you buy in the Valley, you may be waiting a while. But before you get discouraged, there’s a number working behind the scenes that’s actually good for you right now. It’s called the spread, and once you understand it, you may see today’s rates…
Rates Hit a 4-Week Low as Inventory Reaches Its Highest Point Since 2019
Opportunity is missed by most people because it is dressed in overalls and looks like work. Active inventory rose 3.2% and approached 1.2 million homes, its highest level since November 2019. Mortgage delinquencies improved slightly during the second quarter.
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!