Mortgage Credit Certificate (or also referred to as MCC) is a federal tax credit available to first time home buyers who meet certain requirements. With the tax credit, eligible home buyers can adjust their their withholding to take advantage of the savings monthly instead of waiting until they file their taxes. The MCC remains available as long as the borrower owns and occupies the property.
Seattle RE Chat: What’s going on in the Seattle real estate market?
March 29, 2014 by Leave a Comment
In this episode of Seattle RE Chat, Jim Reppond of Coldwell Banker Danforth and I discuss what’s going on in the Seattle real estate market, including the lack of inventory.
Side note: if you have been considering selling your home, today’s lack of inventory could make this a prime time for you to sell your home.
Seattle RE Chat is a Google Hangout that takes place on Tuesdays at 10am Seattle-time. You can follow us on Twitter at @Seattlerechat or #seattlerechat
Should I attend Seattle Agent ReBoot or Greater Seattle RE BarCamp?
March 8, 2014 by 1 Comment
Easy answer: BOTH! 🙂
Full disclosure, I am one of the organizers of this years Seattle RE BarCamp which will be taking place next week, Thursday, March 13, 2014. And I am planning on attending both Seattle Agent ReBoot and Seattle RE BarCamp next week.
Why? Because these two events offer two unique experiences.
Who Does What in the Mortgage Process? Roles Explained
March 6, 2014 by Leave a Comment
Editor’s note: This post was updated in 2026 to reflect current mortgage industry roles and disclosure requirements.
A lot of people touch your file between application and closing. With the disclosure and compliance rules that have piled on over the years, there are more hands in the process now than there were a decade ago — not fewer. Here’s a rundown of who typically does what. Keep in mind titles and org structures vary by lender, so your experience may look a little different depending on who you’re working with. [Read more…]
How do Inquiries on my Credit Report impact my Mortgage Approval?
February 21, 2014 by Leave a Comment
When you apply for credit, it may appear as an inquiry on your credit report even if you decide not to proceed with the credit or debt you applied for. The credit reports that mortgage companies use will show the inquiries going back 120 days.
Why does a lender care if you have credit inquiries – even if you never proceeded to take the credit that was offered to you? Inquires to your credit appears as though you are shopping for credit and therefore may be taking on additional debt. Additional debts may impact your ability to make payments on your new mortgage.
