Each office independently owned and operated. This information is deemed credible and accurate and comes from credible sources, but not guaranteed to be so. Check with a qualified mortgage lender, attorney, or CPA for verification. Direct 206-280-3212 Fax 1-206-350-4975 [email protected] Direct 253-468-6445 Fax 1-206-350-4975 [email protected] Mortgage Credit Certificate Get additional tax credit on your new home mortgage! This is in addition to the $8,000 Federal Tax Credit! • Converts 20% of your mortgage interest paid annually to a tax credit. The remaining 80%remains tax deductible. This is an annual credit. This is not a one-time credit. • You use the certificate as long as you own the home, so refinancing is an option. Does NOT preclude the Stimulus Tax Credit of $8,000 for First Time Homebuyers. • Up to 15% of the home may be used for business. • Can be used with any loan program (FHA, VA, FNMA, USDA) Credit can be used as income for a Conventional loan. Credit can be used as a reduction to PITI for Government loans. How to : • First you contact Linda or Ron to put you in touch with a participating mortgage lender to determine eligibility. Availability is limited and it is not available to most lenders. • You need to take a State Certified Homebuyer Course. • You must receive the certificate prior to closing on your home. This is not retro-active to homes already purchased and closed. • As a participating Homebuyer you will use your certificate each year that you file taxes while living in that home. Example of Benefit on a $300,000 home with a mortgage interest rate of 5%: (These are estimated figures. Each individual who utilizes this benefit should consult their tax advisor.) $300,000 at a 5% rate is $15,000. $15,000 x 20% = $3,000 $3,000 would be your additional tax credit per year. $15,000 X 80% = $12,000 $12,000 would still be your tax deductible interest.

Washington Mortgage Credit Certificate

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Yearly tax credits for your home purchase.

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Page 1: Washington Mortgage Credit Certificate

Each office independently owned and operated.

This information is deemed credible and accurate and comes from credible sources, but not guaranteed to be so. Check with a qualified mortgage lender, attorney, or CPA for verification.

Direct 206-280-3212 Fax 1-206-350-4975

[email protected]

Direct 253-468-6445 Fax 1-206-350-4975 [email protected]

Mortgage Credit Certificate

Get additional tax credit on your new home mortgage! This is in addition to the $8,000 Federal Tax Credit!

• Converts 20% of your mortgage interest paid annually to a tax credit. The remaining 80%remains tax deductible.

This is an annual credit. This is not a one-time credit.

• You use the certificate as long as you own the home, so refinancing is an option. Does NOT preclude the Stimulus Tax Credit of $8,000 for First Time Homebuyers.

• Up to 15% of the home may be used for business.

• Can be used with any loan program (FHA, VA, FNMA, USDA) Credit can be used as income for a Conventional loan.

Credit can be used as a reduction to PITI for Government loans.

How to: • First you contact Linda or Ron to put you in touch with a participating mortgage

lender to determine eligibility. Availability is limited and it is not available to most lenders.

• You need to take a State Certified Homebuyer Course.

• You must receive the certificate prior to closing on your home. This is not retro-active to homes already purchased and closed.

• As a participating Homebuyer you will use your certificate each year that you file

taxes while living in that home.

Example of Benefit on a $300,000 home with a mortgage interest rate of 5%: (These are estimated figures. Each individual who utilizes this benefit should consult their tax advisor.)

$300,000 at a 5% rate is $15,000. $15,000 x 20% = $3,000

$3,000 would be your additional tax credit per year. $15,000 X 80% = $12,000

$12,000 would still be your tax deductible interest.