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Advantages of an MCC
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MCC program provides homebuyers with the opportunity to buy a home by keeping more
money in their pockets each month.
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MCCs reduce homebuyers’ federal tax liability, increasing the amount of disposable
income available to purchase a home.
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MCC has the potential of saving the MCC holder
thousands of dollars over the life of the loan.
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Homebuyer can claim the MCC as long as the
occupy the home purchased as their primary residence – it is the program that keeps
on giving.
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An MCC can be used with almost any type of mortgage, including adjustable rate mortgages.
However, it cannot be used with tax-exempt
bond programs.
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