The Mortgage Credit Certificate (MCC) Tax Credit can help you achieve home ownership. An MCC increases a borrower’s disposable income by reducing their federal income tax obligation. So the Mortgage Credit Certificate is actually a federal credit not a mortgage loan.
Through the MCC Program, certificate holders are entitled to claim a portion of the annual mortgage interest. That sum can be used as a tax credit against their federal tax liability.
The jumbo loans offered at Luxury Property Lending help our clients to acquire the premium home of their dreams with the right level of financing. While other lenders typically struggle with loans of this size, Luxury Property Lending has over 20 years of experience handling them for clients throughout Southern California.
By definition, a jumbo loan refers to mortgages where the loan exceeds the conforming loan limit, however special rules apply in California.