1 / 12

Proudly presents

Proudly presents. The Mortgage Credit Certificate Program. It reduces the amount of federal income tax paid by your borrower either thru an annual income tax deduction or a decreased amount of tax taken out of their take home pay. What does the MCC do?. $2,000.00 X 30 = $60,000.00.

hewitt
Download Presentation

Proudly presents

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Proudly presents

  2. The MortgageCredit CertificateProgram

  3. It reduces the amount of federal income tax paid by your borrower either thru an annual income tax deduction or a decreased amount of tax taken out of their take home pay. What does the MCC do? $2,000.00 X 30 = $60,000.00

  4. It can help your borrower qualify for a larger home or assist your borrower in qualifying for a mortgage loan when they otherwise would not. What does the MCC do? • $167.00/month income • $20,000.00 increased loan amount • $600.00 more in commission

  5. What Does the MCC Do? EDUCATION

  6. Who Qualifies for the MCC Program???

  7. 1-2 family members 3+ family members $85,920.00 $100,240.00 BROWARD COUNTY • First time homebuyers • Borrowers who qualify for traditional mortgage financing • Veterans • Borrowers purchasing a home less than $391,153.00 • Borrowers with a household income not exceeding:

  8. 1-2 family members 3+ family members $90,480.00 $105,560.00 PALM BEACH COUNTY • First time homebuyers • Borrowers who qualify for traditional mortgage financing • Veterans • Borrowers purchasing a home less than $381,375.00 • Borrowers with a household income not exceeding:

  9. How will you benefit? • Increased purchase prices • Qualify borrowers who normally would not • Marketing piece to previous clients • Use it in your listing presentation and part of your MLS listing to direct more traffic

  10. What is needed? • Three years of tax returns • Completed MCC application • Completed 1st time homebuyers course • Mortgage qualification • $300.00 issuance fee

  11. DISCLAIMER • We are not accountant’s. Please consult your CPA. • Borrower may be subject to a recapture tax. • Borrower must have taxable income.

  12. So what is next??? Call Us: 561.316.6800

More Related