Q: Are There Tax Credits for First Time Homebuyers?
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Q: Are There Tax Credits for First Time Homebuyers? A: Yes, thanks to the many city and county governments that offer Mortgage Credit Certificate (MCC) programs, which allow first-time homebuyers to take advantage of a special federal income tax write-off. The credit reduces the amount of federal taxes paid by the buyer each year, if he keeps the same loan and lives in the same house. An MCC also makes it easier for eligible buyers to qualify for a mortgage loan. The lender can reduce the housing expense ratio – the percentage of gross monthly income applied toward housing expenses – by the amount of the tax savings. Normally, lenders reject loans if the housing expense ratio is too high.
LBTSea Turtle Fest and Ocean Clean Up
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LBTSea Turtle Fest and Ocean Clean Up Lauderdale by the Sea, FL March 21st and 22nd Celebrate the ocean and the beginning of Sea Turtle nesting season, in the quaint beachside community of Lauderdale-By-The-Sea. The Lauderdale-By-The-Sea Turtle Fest is an educational, awareness-building event about the upcoming sea turtle season which started on March 1st and goes through October 31st. The LBTSea Turtle Fest is on Saturday and Sunday, March 21st and 22nd. It begins at 10:00 a.m. and lasts until 7:00 p.m. at El Prado Park, 4500 El Mar Drive.