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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.

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Proudly presents

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  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

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