Free Workshops – How to buy a home for Zero Down

By completing the Washington State Housing Finance program, many people will qualify for a home because they can afford the monthly mortgage payments and can get in with little or no down payment. The workshop also qualifies those who attend to take advantage of the Mortgage Credit Certificates (MCC’s). Homebuyers receiving MCCs are entitled to an income tax credit equal to a specified percentage (commonly 20%) of the interest that is paid during the taxable year on the mortgage of the borrower’s principal residence. Borrowers are permitted to reduce the withholding on wages by the full amount of the tax credit to ensure an adequate cash flow and ability to make the mortgage payment. The rest of the interest is still tax deductible.

Workshop Times and Dates

Saturday, May 5th

11:00 AM to 4:00 PM

Empower Real Estate

900 SW 16th St

Renton, WA 98058

Saturday, May 12th

10:00 AM to 3:00 PM

Windermere Real Estate Shorline

900 N 185th St

Shoreline, WA 98133

 

Saturday, May 19th

10:00 AM to 3:00 PM

Renton Eagles

220 Wells Ave So

 Renton, WA 98057

 

 

Call Mike England to Register 206-271-3219 or email mike@vikingmtg.com

 

You can also attend our on-line workshops for valuable information. However, you must attend in person to qualify for down payment assistance or MCC tax credit.

 

 

Onlineworkshops

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Fannie Mae publishes updates to HARP

Below I’ve  included the updates to Fannie Mae’s changes to the HARP program that begin to take effect on December 1st 2011. The bottom line is that people who owe more than 80% of the value of their home should be able to refinance with  the same rate as those with equity.  Also, a recent foreclosure or bankruptcy won’t necessarily rule them out.

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