If you were to ask 10 Realtors about the Mortgage Credit Certificate maybe 1 or 2 would have even heard of it. The Colorado Housing Finance Authority, nicknamed CHFA, has a unique program that allows 1st time homebuyers to take the 1st 20% of their mortgage interest paid each year as a Tax Credit, a dollar for dollar reduction of their Federal income tax liability. The other 80% of mortgage interest paid yearly by a 1st time homebuyer is used as an itemized deduction on their tax return. If you would like further information on this please email or call me at gfostermb@gmail.com or 720-232-3219. Or you can go directly to this link(click here)
Greg Foster, Metro Brokers, Foster and Associates
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