Posted

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.

Posted

Wilton Manors Green Market Wilton Manors, Florida June 28th and 29th Looking for something to do this weekend with your family? This Saturday and Sunday Wilton Manors will be hosting a Green Market. This event will be held at the Wilton Manors City Hall parking lot, 2020 Wilton Drive. The Green Market will begin at 9 am and conclude around 2 pm. The price for admission for this event is free and there will be free parking in the parking lot across the street from the Green Market. The Wilton Manors Green Market will have a wide variety of products to choose from.