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.
Why Zillow Says Fall 2023 is a Homebuying “Sweet Spot”
Kevin Brierton – 10.15.2023 Most people grow up dreaming of owning a home someday, escaping the cloud of rising rents, and building wealth through home equity. However, with the recent surge in home prices, you may be wondering if this is the smartest move today. With home prices so high, is it worth buying a…
Growing Your Net Worth with Homeownership
Kevin Brierton – 10.12.2023 Take a moment to imagine where you want to be in a few years. You might be thinking about your job, money, wanting more stability, or goals you want to reach soon. Is homeownership a part of that vision? If it is, you should know owning a home has a whole lot of…
The Latest Expert Forecasts for Home Prices in 2023
Kevin Brierton – 10.11.2023 Are you thinking about making a move? If so, all the speculation that home prices would crash this year may have you feeling a bit on edge about your decision. Let the data and the experts reassure you. Prices aren’t in a downward spiral and will actually finish the year strong. Even though you…
Are Grandparents Moving To Be Closer to Their Grandkids?
Kevin Brierton – 10.10.2023 During the pandemic, many people distanced themselves from their loved ones for health reasons. Grandparents were told to stay away from their grandkids, especially as schools started to open. That’s because it would have been risky to visit with their grandchildren who may have gotten sick from school. Now that the pandemic has…
Key Skills You Need Your Listing Agent To Have
Kevin Brierton – 10.9.2023 Selling your house is a big decision. And that can make it feel both exciting and a little bit nerve-wracking. However, the key to a successful sale is finding the perfect listing agent to work with you throughout the process. A listing agent, also known as a seller’s agent, helps market and sell…
Explaining Adjustable Rate Mortgages
Kevin Brierton – 10.8.2023 When it comes to mortgages, there’s a wide array of options to choose from, and one that often piques the interest of homebuyers is the adjustable-rate mortgage or ARM. But what exactly is an ARM, and how does it differ from the more traditional fixed-rate mortgage? Let’s break it down: What…
Are You a Homebuyer Worried About Climate Risks?
Kevin Brierton – 10.5.2023 The increasing effects of natural disasters are leading to new obstacles in residential real estate. As a recent article from CoreLogic explains: “As the specter of climate change looms large, the world braces for unprecedented challenges. In the world of real estate, one of those challenges will be the effects of natural catastrophes on…
Understanding the Benefits of Owning Your First Home
Kevin Brierton – 10.4.2023 Are you considering buying your first home? If so, it can be helpful to know what led other people to make that decision. According to a recent survey of first-time homebuyers by PulteGroup: “When asked why they purchased their first home recently, the answer was simple: because they wanted to. Either the desire to stop renting…
3 Powerful Ways to Combat Home Affordability Challenges in 2023
Are you worried that you can’t afford even an entry-level home in your market today? You’re not alone. According to a recent survey by Divvy Homes, only 53% of Americans are confident in any way that they’ll be able to own their own home someday. The study shows that the average American thinks it would…
Home Prices Are Not Falling
Kevin Brierton – 10.3.2023 During the fourth quarter of last year, some housing experts projected home prices were going to crash in 2023. The media ran with those forecasts and put out headlines calling for doom and gloom in the housing market. All of this negative news coverage made a lot of people have doubts about the strength…
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!