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.
Straw buyers are loan applicants used by fraud perpetrators to obtain mortgages, and are used to. disguise the true buyer or the true nature of the transaction. ï· Mortgage payments are made by an entity other than the borrower. ï· The loan is usually an early payment default. ï· First-time home buyer, with substantial increase in housing expense. ï· Buyer does not intend to occupy - unrealistic commute, size or condition of property, etc.