The Home Mortgage Interest Credit Act of 2026 aims to provide financial relief to homeowners by allowing them to claim a tax credit for the interest paid on their home loans. The main objective is to support individuals and families who are paying interest on their mortgages, making homeownership more affordable. The key provisions of this legislation include the introduction of a tax credit for "qualified residence interest." This refers to interest on loans taken out to buy, build, or improve a primary home.