The Best Home Loan In Portland | MCC Tax Credit

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• published: 19 Jun 2016
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The Best Home Loan In Portland | MCC Tax Credit https://www.youtube.com/watch?v=bf5NJJXcIWE {Home Loan In Portland } Vince Kingston: MCC tax credit. This is near and dear to my heart. I love the MCC tax credit. It stands for mortgage credit certificate and it is the most valuable first time home buyers tax credit that exist in this country. I can't be more dramatic than that. It’s very, very valuable. It's available for first time homebuyers, who purchase a home under about $367,000 in the Portland city limits. So it’s only for the Portland city limits. And by the way, in the state of Oregon if you haven't owned in three years, you are born again first time home buyer. {Home Loan In Portland } So, keep that in mind. If you owned a home in the past, you may not consider yourself a first time home buyer, but you haven’t owned in three years, you not only can qualify for the MCC, but all other area first time home buyer programs. So why the MCC is so valuable, as it converts the first 20% of your annual mortgage interest payments into a dollar for dollar tax credits. That's a lot of mumbo-jumbo. So, let me dollarize that for you; let me translate that for you. What that means is that on the average loan it will decrease your mortgage, your mortgage expense by over 10% per year. You have to get an interest rate for about 2.8% to decrease your mortgage by over 10%, and it never expires as long as it remains in the home and the loan. So, there's nothing else out there like that. {Home Loan In Portland } There is no other lender who can offer a rate that would even compare to the value of the MCC. And the reason, very passion about the MCC is a travesty. There are first-time homebuyers who close every single day in the city in Portland Oregon who are never told about the MCC, because there is only hand full lenders who offer it. So, make sure to empower yourself. Make sure you know about these programs, and not just take the opinion of a lender who may not offer it. Certainly if they didn’t offer the MCC I wouldn’t take their opinion on the MCC. It’s too valuable to pass up. {Home Loan In Portland } So guys, I'm always happy to answer questions about the MCC, or all the other area first time home buyer programs. Feel free to pick up the phone, or you can always fill up the form at the bottom of my website. {Home Loan In Portland } https://www.youtube.com/watch?v=bf5NJJXcIWE Visit my page: homeloansportlandoregon.com https://web.facebook.com/Vince-Kingston-1639474649640866/?ref=hl&_rdr Address: Vince Kingston Portland Oregon USA Phone :(971)221-8525 {Home Loan In Portland }