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.
Liquidity Matters More Than a Paid-Off Mortgage
Most people were raised to believe the ultimate financial goal is a paid-off house. It feels safe, it feels responsible, and it feels like the “right” thing to do. But when you look at it through the Borrow Smart | Repay Smart lens, you realize something important: equity is not the same as liquidity—and liquidity…
More Listings, Easier Credit, and the Strongest November in 3 Years
Inside Lending – Week of November 17, 2025 QUOTE OF THE WEEK “If you want to kill any idea in the world, get a committee working on it.”—Charles Kettering, American inventor, engineer, and businessman NATIONAL MARKET UPDATE The Mortgage Bankers Association (MBA) noted homebuying got off to its strongest November start in three years, as…
Would You Let $80 a Month Hold You Back from Buying a Home?
By Kevin Brierton | Your No Excuse Lender A lot of buyers are stuck in “wait and see” mode right now. They’re watching rates hover a little above 6% and thinking, I’ll buy once they hit the 5s. Because who doesn’t want a better rate? But here’s the thing: that 5.99% number might not save you…
Why Your Home Equity Still Puts You Way Ahead
If you’ve seen headlines about home prices dropping, it’s easy to wonder what that means for the value of your home too. Here’s what you really need to know. Even with small price declines in some markets, data shows you’re likely still way ahead. And that’s thanks to your home equity. The Relationship Between Home Prices and Equity Home…
Are Builders Overbuilding Again? Let’s Look at the Facts.
If it feels like you’re seeing new construction signs pop up everywhere, you’re not wrong. Builders have been busy. And it’s left some people wondering: Are we overbuilding like we did right before the 2008 housing crash? No matter what you may hear in the news, there’s no reason for alarm. In reality, data shows builders aren’t racing ahead, they’re…
The New “Location, Location, Location”: Borrow Smart, Repay Smart™
For decades, real estate success was defined by one phrase — location, location, location.But today, the smartest homeowners and advisors know the game has changed.The new mantra is Borrow Smart, Repay Smart™. True financial success isn’t about where you buy — it’s about how you borrow, manage, and repay. The old “location” used to refer…
The VA Home Loan Advantage: What Every Veteran Should Know Right Now
If you’ve served in the military (or if your spouse has), you have access to one of the most powerful homebuying tools out there. The chance to buy a home without having a down payment. Unfortunately, 70% of Veterans (that’s 7 out of every 10) don’t know about this benefit, according to Veterans United. And that’s a big…
Affordability Is Improving—And Buyers Are Taking Notice
Inside Lending – Week of November 10, 2025 QUOTE OF THE WEEK “When we ask for advice, we are usually looking for an accomplice.”—Saul Bellow, Canadian-American writer NATIONAL MARKET UPDATE Freddie Mac’s Chief Economist noted that in the current market, on a median-priced home, a homebuyer could “save thousands annually compared to earlier this year,…
What a Government Shutdown Really Means for the Housing Market
There’s been a lot of talk lately about how a government shutdown impacts the housing market. You might be wondering: Is it causing everything to grind to a halt? The short answer? No. The housing market doesn’t stop. It keeps moving. Homes are still being bought and sold, contracts are still being signed, and closings are still…
Rates Down, Inventory Up—Buyers Regain Leverage
Inside Lending – Week of November 3, 2025 QUOTE OF THE WEEK “Most of what we call management consists of making it difficult for people to get their work done.”—Peter Drucker, Austrian American management consultant NATIONAL MARKET UPDATE September’s Pending Home Sales index of signed contracts on existing homes was unchanged for the month, and…
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!