About
This app helps homebuyers estimate their annual and monthly savings by utilizing a Mortgage Credit Certificate (MCC). An MCC offers a federal income tax credit based on a percentage of mortgage interest paid.
What's New in MCC Calculator
1.2
February 23, 2013
Added more MCC rates and removed iAds
Developer apps
FAQ
How does MCC Calculator estimate savings?
MCC Calculator uses the Mortgage Credit Certificate details to project your potential yearly and monthly savings on mortgage interest as a federal income tax credit.
What is a Mortgage Credit Certificate (MCC)?
An MCC is a program that provides homebuyers with a percentage of their mortgage interest back as a federal income tax credit for the life of the loan, potentially saving around $150 per month.
Is MCC Calculator secure for financial information?
MCC Calculator does not handle or store sensitive financial information. It only requires input for calculations related to your MCC benefits.
What devices is MCC Calculator available on?
MCC Calculator is available on devices with an age rating of 4+, indicating broad compatibility with most modern mobile operating systems.
How often is MCC Calculator updated?
The latest version of MCC Calculator was released on February 23, 2013. While not frequently updated, its core functionality remains relevant for MCC calculations.
What do users like about MCC Calculator?
Users appreciate its straightforward functionality and the clarity it provides in understanding potential tax credit savings, as reflected in its 5.0-star rating.
Does MCC Calculator have ads?
Based on the provided data, there is no information indicating the presence of advertisements within MCC Calculator.
Can MCC Calculator help with first-time homebuyer programs?
Yes, MCC Calculator is specifically designed for homebuyers who may be utilizing programs like the Mortgage Credit Certificate, which is often associated with first-time homebuyer initiatives.