Issued by certain jurisdictions allowing homeowners to claim a tax credit (not to be confused with a tax deduction) on a portion of the interest that they pay on the mortgage of their primary residence. It can be used to lower monthly mortgage payments. The Internal Revenue Service has capped this credit at $2,000/year.
Related information about mortgage credit certificates (MCC):
- Home Buyer Tax Credit
KHC's Home Buyer Tax Credit is available through Mortgage Credit Certificates ( MCC), which reduce the amount of federal income tax you pay, giving you more ...
- Mortgage Credit Certificates (MCC) Lender Information
For a lender to participate with the Mortgage Credit Certificates Program (MCC), they must be in good standing with the Commonwealth of Kentucky, review the ...
- Mortgage Credit Certificate Program - Housing Division
Montana Morgage Credit Certificate Program (MCC) with Program Guide, Fact Sheet, and Criteria.
- NAHB: Mortgage Revenue Bonds and Mortgage Credit Certificates
Among these are two related policy tools: Mortgage Revenue Bonds (MRB) and Mortgage Credit Certificates (MCC). MRBs reduce the monthly housing payment ...
- Mayor's Office of Housing : Mortgage Credit Certificate Program (MCC)
Nov 15, 2012 ... Current MCC holders can refinance their mortgage loans without losing their current Mortgage Credit Certificates (MCC), you must use a ...
- Mortgage Credit Certificates (MCC) - InvestingAnswers
We explain the definition of Mortgage Credit Certificates (MCC), provide a clear example of how it works and explain why it's an important concept in business, ...
- What is mortgage credit certificates (MCC)? definition and meaning
Definition of mortgage credit certificates (MCC): Issued by certain jurisdictions allowing homeowners to claim a tax credit (not to be confused with a tax ...
- Jim Smith's Golden blog: Mortgage Credit Certificates Can Save ...
Nov 7, 2012 ... I've written about Mortgage Credit Certificates (MCC's) before, but even so, I have to confess that when I'm working with a first-time home buyer, ...