Mortgage Credit Certificates
外汇网2021-06-19 14:18:54
87
A certificate provided by the originating mortgage lender to the borrower that directly converts a portion of the mortgage interest paid by the borrower into a non-refundable tax credit. Mortgage credit certificates can be issued by either loan brokers or the lenders themselves, and are typically available only to low- or moderate-income buyers. These certificates are designed to help first-time homebuyers qualify for a home loan by reducing their tax liabilities below what they would otherwise have to pay.
Procedurally speaking, mortgage credit certificates are applied for with the originating lender after the purchase contract has been signed, but before the time of closing. A non-refundable fee is charged for this service by the party administering the program. The state or local approval that is granted can be valid for up to 120 days and is usually transferable to another property if the current loan does not close.
标签：
随机快审展示
推荐文章
- 黑马在线:均线实战利器 8720 阅读
- 短线交易技术:外汇短线博弈精讲 4057 阅读
- MACD震荡指标入门与技巧 4184 阅读
- 黄金操盘高手实战交易技巧 4535 阅读
- 做精一张图 3288 阅读
热门文章
- 港币符号与美元符号的区别是什么啊？ 24948 阅读
- 我国各大银行汇率为什么不一样啊？ 15091 阅读
- 越南盾对人民币怎么算的？越南盾对人民币汇率换算方法是什么 10267 阅读
- 百利好环球欺诈，不给出金，无法联系。 9778 阅读
- 黑马在线:均线实战利器 8720 阅读