Buying Your First Home?
Save Up to $2,000 a Year on Your Income Taxes 

If you are buying your first home, a Mortgage Credit Certificate (MCC) from the North Carolina Housing Finance Agency can put more money in your pocket and make your mortgage payment more affordable.
Who is Eligible?
The MCC is available to first-time home buyers who meet the sales price and income limits. The maximum sales price limit is up to $220,000 and the maximum income ranges from $85,000 for a family of three in areas such as Raleigh down to $62,000 in more rural areas.

The MCC allows eligible buyers to take a federal tax credit of 20 percent of the mortgage interest you pay annually. It can save you up to $2,000 each year that you occupy your new home. The MCC can be used with the new $8,000 federal tax credit, until that credit expires in December 2009. 

Because the MCC is an immediate tax credit, you can change the withholding allowances on your W4 to reflect your decreased tax liability and increase your monthly take-home pay. 

How Does the MCC Work? 

If you borrow $183,000 at 5.5 percent interest, you will payapproximately $10,000 in interest in the first 12 months of your mortgage. With the 20 percent MCC, you can reduce your federal income tax liability by $2,000 for that year, allowing you to reduce your monthly tax withholding by $166. Over the first 10 years of ownership, you would save $18,547 in federal taxes. And if you purchase your home by December 1, 2009, the $8,000 federal tax credit can be used in conjunction with the MCC. (Consult your lender or details.) Like all homeowners, you can also claim an interest deduction on the remaining 80 percent of the interest you pay. An MCC can be used with almost any fixed-rate mortgage, and with some adjustable rate mortgages. The property must be the home buyer’s primary residence. 

Buying a Home Requires Many Difficult Decisions. Make Sure Your real estate agent is a Top Local Expert. 

Your home is probably the biggest purchase your family will ever make, and it involves many decisions that go beyond simply choosing one you like. 

As a top Cumberland County, Hoke County, Harnett County and Fort Bragg area real estate agent, here is how I will guide you through the entire process, from viewing homes and financing, to making sure the final contract is in your best interest: 

- You will have full access to ALL homes available on the Cumberland County, Hoke County, Harnett County and Fort Bragg market, even listings not yet on the MLS, through my professional North Carolina real estate affiliations. 

- My expert local knowledge of the Cumberland County, Hoke County, Harnett County and Fort Bragg area should be invaluable to you, not just in terms of real estate, but also schools, neighborhoods, the local economy, and more. 

- Every local real estate market absolutely has its own trends and opportunities. This can vary greatly, even one neighborhood to the next. Cumberland County, Hoke County, Harnett County and Fort Bragg is no different! It's my job to steer you into opportunities and out of traps. 

- What is the true market value of the home you are interested in? Is it priced too high? Is it a bargain that you should jump on? I help home buyers make decisions like this every day, and I'll make sure that YOU get the best value for your money. 

- Negotiating with sellers can be stressful. I will help you negotiate, so that the final contract includes your best possible terms and conditions. 

- You should know absolutely everything about the property you are buying! You and I will view every home that you are interested in, together. And prior to closing I will make you fully aware of any and all inspections available to you. 

- Have confidence when signing documents. Contracts are full of complicated terms and clauses that can greatly affect your future life in your new home. I will give you the full benefit of my real estate knowledge and experience. 

Let me represent your best interests in your search for a new home in the Cumberland County, Hoke County, Harnett County and Fort Bragg area. While you can see a million homes on the web, actually buying your home is another matter entirely. Buyers beware! 

Ask me any question about buying a home in Cumberland County, Hoke County, Harnett County and Fort Bragg. It's my job to help you! There's no obligation, and I promise to respond quickly...