305-Mortgage Credit Certificates: The Coolest Mortgage Interest Credit You've Never Heard Of

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Finance, Retirement, Insurance, Business, Money, Education, Self-improvement, Financial, Independence, Growth, Advice, Investing, Family, Personal, Radical, Christian, Faith

4.4 • 1.9K Ratings

🗓️ 10 March 2016

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

In January 2013, I bought a house, proceeded through the whole process really carefully and thought I'd made some pretty good decisions.

But a couple months after closing, I found out that I'd missed an awesome tax credit and kissed $2,000 a year goodbye. How frustrating!

I hate missing out on free money, especially when I can get it out of the coffers of the US Government!

So, I want to help you do better. And I want to teach you about the Mortgage Credit Certificate (MCC) program.

Enjoy!

Joshua

Florida's MCC program details: http://rpf.link/1YCSCre
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Transcript

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0:00.0	You know that old debate that comes into play when we talk about the value of mortgages, the whole thing of,
0:08.0	well if you have interest on a mortgage, it's not fully deductible, it's just a deduction, it's not a credit. You know that argument?
0:14.4	Well let's add some fuel to the fire today by busting that one just a little bit.
0:21.3	Can't do it completely.
0:24.0	But today, let's talk about how you can actually get a full tax credit
0:29.0	for some of your mortgage interest. Welcome to the Radical Personal Finance Podcast. My name is Joshua Sheets and I'm your host. Thank you
0:51.6	for being with me today.
0:52.9	Today we talk about mortgage credit certificates.
0:55.4	And I recently sold my house.
0:56.6	And this was one of the ones that really frustrated me.
0:59.5	It frustrated me that I never found out about this one.
1:01.6	It cost me a couple thousand bucks a year.
1:04.0	So if you own a house, prepare to be frustrated.
1:08.0	But if you don't own a house, pay attention to today's show and I may be able to save you
1:12.0	couple thousand bucks a year.
1:13.4	I'm so glad that you are here with me on radical personal finance.
1:22.2	I try to keep the show
1:23.0	interesting and engaging on a daily basis. So I try very hard to, well, I try to keep the content varied.
1:31.0	And I've slacked a little bit on the technical content in the past
1:34.0	in the past few weeks.
1:35.0	You'll have to forgive me for that.
1:37.0	It's just I haven't been able to get it done.
	...

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