Special Loan Program for Teachers & Police Officers
November 16, 2009
| posted by:
David Krichmar
$2000 Off Taxes Per Year & Up To $10K Off Taxes in 2009
? Available for public school teachers, police officers, EMS personnel, corrections officer, school nurse, teacher?s aide, librarian, firefighter, school counselor and county jailor
? The Mortgage Credit Certificate (MCC) allows the homebuyer (if there is a tax liability) the benefit of a dollar for dollar reduction of their tax bill in the event income taxes are owed.
? The MCC allows you to qualify for more home or get approved if you have been denied in the past.
? The MCC enables the homeowner to claim a tax credit of 30% of annual interest paid, not to exceed $2000 per year for the life of the loan.
? The homebuyer can use this with the $8000 tax credit savings $10,000 this year off your taxes. Minimum repayment provisions.
For more information, please see attached brochure.
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