Mortgage Credit Certificates: Doubling Your Borrower's Tax Benefits!

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How to Read Tax Returns and Close More Loans

This seminar is about interpreting the income correctly and counting every dollar to make sure your clients qualify regardless if they are self-employed or not. This seminar is about knowing what to ask for "ahead of time" so you're not constantly asking the borrower for more information. Hey, even underwriters have trouble - so you really need to know your stuff.

Learn how to read income tax returns and how to work with underwriters to get more of your loans approved - and closed. Here's what you will learn:

Reasons why you will need to submit tax returns to underwriting.
How to find more income within your clients' tax returns.
Which tax returns you should "read" first and which ones you don't need to waste your time on.
How to explain your income analysis to an underwriter.

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Mortgage Credit Certificates: Doubling Your Borrower's Tax Benefits!
Presented by Dan Moralez

FREE On-Line Course Preview Click Here to View a Portion of the Course ...save money-consider an all access pass.
Cost: $59.00 (you can lower this with trade-in options) Get a CD Rom Replay* for an additional $19.00* What is a CD Rom Replay?

Dan Moralez

With all the creative financing options over the past few years, there is one option called the Mortgage Credit Certificate that has been around since 1984. It's probably the most forgotten tax credit program that many loan officers and real estate agents neglect to mention to their first time buyers.

With over two-thirds of States and hundreds of counties and city Housing Finance Authorities providing the tax credits for first time homebuyers (or by geographic location), it's not only used to offset income tax liability, but can be used in conjunction with the $8,000 Tax Credit - amounting to a DOUBLE TAX benefit!

Best of all, Fannie, Freddie and FHA have more flexible underwriting rules and can use the extra "income" to qualify for higher loan amounts.

Before you purchase this seminar, check with your state or local government to make sure you can offer it in your area. If it IS offered, then you need to get out there and let the world know how it works and how FTHBs can benefit.

Here's what you'll learn:

How the Mortgage Credit Certificate works with examples
How the agencies use the tax benefit to qualify more clients
Why clients need to understand and adjust W-4 Form
Where to find leads
How to market the MCC program

Downloads Included: IRS Forms & Supporting IRS Publication

About Dan Moralez

Dan Moralez has been in the mortgage industry since 1991. Dan is Senior Vice President — Regional Sales Manager for First Place Bank. Dan oversees all lending, processing, underwriting and closing functions for the region.

He has previously been recognized multiple times by Mortgage Originator Magazine as one of the top 200 lenders in the country and is consistently one of the top producing Mortgage Originators for Western Michigan. Dan has a diverse lending background with experience in commercial, consumer and residential mortgage lending. Dan's experience covers everything from vacant land and new construction financing to investment property, government, rehabilitation and asset secured commercial lending. As a student of the industry, he can be found reading guidelines in his free time for fun.

Dan is a self professed geek. In his free time you can find him building websites, writing a blog or two, hacking his iPhone or producing a podcast with listeners from around the world.