You probably have never heard of Mortgage Credit Certificates (MCC) before, most real estate professionals don’t even know about it. This is one of the best kept secrets in real estate, but it shouldn’t be! Basically, MCCs allow homebuyers an opportunity to purchase a property that they might not have otherwise qualified for. By [...]
We hear about historically low interest rates on home loans practically every week. Rates on 30-year fixed mortgages are well below 5% and still falling! At any other time, interest rates like these would have jump started the real estate market from a standstill to a frenzy in no time. But now very few people [...]
Your interest on a home loan varies daily, which will depend on your final balance. If you paid more than what’s owed, this interest will decrease. The loan size also will determine the interest. Let us use the following example. Suppose that on the tenth of each month, you get a bonus from your work [...]