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Mortgage and Lending - Mortgage Magic

ARCHIVED BLOG POSTS

2012 

For the past couple of years there has been a lot of talk about transparency in Government and in the mortgage business. Well, so far it does not seem that Government is willing to be transparent and the mortgage industry is mostly transparent but then again it has always been mostly transparent....
07/13/2012
  3.4% - How is that Possible?and Alex says, What is MCC?Many of the first time home buyers qualify for the mortgage credit certificate which allows a 15% tax credit. So, if the rate is 4.0 x .85 (that is 100-15 for the non mathies)4.0 X .85 = 3.4 effective rateCheck here for more informationhtt...
07/11/2012
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To reach success in any endeavor follow one star; one goal; one burning passion.   It is said that the wise men years ago followed the one star to Bethlehem and found what they had sought their entire lives; Truth, Peace, Joy.   They followed one star.   Columbus sailed to the new land by followi...
07/11/2012
First time Home buyers want to be aware of programs that help them get into their home and help hold the cost down at the same time.   MCC is a wonderful program for first time home buyers and basically it allows a 15% tax credit for the mortgage interest that is paid. Tax credits are subtracted ...
07/09/2012
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Doug Jones

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