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.
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.
FHA 580 FICO with FHA Mimimum Down
One of our investors funds 120+ loans/month for borrowers with low credit scores . We have another that will go to 600. We have options.
Don’t turn these buyers away – call for a prequal!
Real Estate in Western Washington is a great investment, not just for those of us who live here but for people all over the world. For those who would like to leverage their money with incredibly low interest rates, our loans for Foreign Nationals are a great tool to build wealth with secure investments:
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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.
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.
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