Category Archives: condominium

TaxSmart Mortgage Credit Certificate Program

TaxSmart is a Mortgage Credit Certificate (MCC) program that provides a federal income tax credit to qualified homebuyers. A tax credit is a direct reduction of taxes due. Under the program, a homebuyer would receive a MCC to reduce income … Continue reading

Posted in borrowing, chicago lender, condominium, conventional mortgage, first time homebuyer, homebuying, interest rates, lending, mortgage, mortgage credit certificate, Purchase price, taxsmart | Comments Off on TaxSmart Mortgage Credit Certificate Program

FHA: Fewer Home Approvals

The Federal Housing Administration suffered a 27% drop in market share from fiscal 2010 numbers. Department of Housing and Urban Development numbers show that while FHA refinance volume has increased by 9% since August, the 12% drag on purchase production … Continue reading

Posted in a and n mortgage, Chicago, condominium, FHA, FHA Loan, Home approvals, housing, Loans, refinance | Comments Off on FHA: Fewer Home Approvals