Dear Friends,
More good news for first time home buyers in New York!
The New York State Mortgage Credit Certificate (MCC) will enable first-time homebuyers to claim a tax credit equal to 20% of their annual mortgage interest costs, which becomes a tax credit that can be deducted, dollar for dollar, from a homeowner's federal income tax liability.
Great Savings!*
The credit can be taken to reduce your tax burden every year for the life of the mortgage loan as long as you continue to live in the home.
First Time home buyers can also take advantage of the $8,000 Federal tax credit - which is available for loans closed by November 30, 2009! So hurry.... You have only 3½ months to close on your new home and take advantage of this offer.
With interest rates at historic lows (not for long), tax credits, and reduced home prices, the demand is on the rise. We at BARAK experience it first hand, and had a record breaking 2nd quarter in sales.
Opportunities exist and attractive properties are waiting to be picked up by the savvy buyer, but the question is: Are you willing to take advantage of these opportunities or not?
My team and I are here to serve all your real estate needs and to help, guide and educate you on the current market status and the latest developments. Pick up the phone or email me today for more information.
Kind Regards,
Barak Dunayer, President
BARAK Realty
212.799.0343
barak@BarakNY.com
*some restrictions apply
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