Mortgage Credit Certificate Program Fact Sheet The Mortgage Credit Certificate (MCC) Program enables first-time homebuyers to receive a federal income tax credit of 15% of the annual mortgage interest paid. MCC’s reduce federal income tax, increase take-home pay, and increase the qualifying loan amount for homebuyers. Program assistance is available only to income-eligible persons and [...]
To rent or to buy: what used to be a given – that you would buy a home as soon as you could afford to – has become an agonizing conundrum for many a would-be homebuyer, in the face of the housing market’s big bust and super-slow recovery. Low prices seem to create a wide-open [...]
CHF is now offering their Platinum 3% down payment and/or closing cost assistance grant to all California home buyers. This means home buyers of the Orange, Inland Empire, Riverside, San Bernardino, or San Diego county can now use a government insured FHA first mortgage loan and need only .5% down payment to purchase a home! (not [...]
Ways to Improve a Credit Score With identity theft on the rise, consumers are becoming increasingly aware of the importance of reviewing their credit reports. However, their thoughts about credit and its long-term impact upon their financial future typically end there until it’s time to apply for a home loan. A credit score is used [...]
Ten Secrets to Saving Write down your goals. Pledging to save $2,000 for a vacation to Cancun is likely to get you there. By Janet Bodnar, Kiplinger.com Cheap is chic, frugality is in fashion, and Americans have sworn off their spending addiction. In a replay of 2010, their top resolution for 2011 is to save [...]
What Should You Expect in 2011, Part 2 Forecasts for Inflation, the Housing Market, and Home Loan Rates Last month, YOU Magazine shared Part 1 of our 2011 Forecast, focusing on the economy and employment. But what’s ahead for inflation, the housing market, and home loan rates this year? Read on to find out. Inflation [...]
Here’s another reason you should order a copy of your credit report every year. Because lots of other people are looking at it! The Fair Credit Reporting Act says a company must have a legitimate reason to do so. Here are some of the people who might: Lenders. A good credit score helps you qualify [...]
