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.
Proof of Funds and the Cash Buyer. Simply put, a cash buyer is a person or entity who has cash on hand to close. There is no loan involved, no mortgage. Just cash. Many buyers may consider themselves to be a cash buyer but they actually are not. These are buyers who are: