The BANKWEST Cash & Check Card works like a checkâ¦ but faster and easier! It looks like a credit card, but all purchase amounts are deducted from your checking account balance, not added to a credit amount.
Additionally, first time buyers may qualify for an MCC Tax Credit. Even other buyers on occasion! This benefit offers a true bottom line income tax credit up to $2000 each year. The tax credit enhances the affordability of a primary residence purchase in NC.
In the United States, a Mortgage Credit Certificate (more commonly referred to as MCC) is a certificate issued by certain state or local governments that allows a taxpayer to claim a tax credit for some portion of the mortgage interest paid during a given tax year.s an example, if a homebuyer were to receive an MCC that offers a 30% credit on a $200,000 loan for 30 years with a rate of 6%, the allowable tax credit would be figured as follows (all numbers rounded): 1  Mortgage Interest Paid (1st Year): $11,933. 2  x MCC Credit: 30%.