What Is Mortgage Credit Certification?
A mortgage credit certificate is a document issued by the originating mortgage provider to the borrower that converts a portion of the interest paid by the borrower into a non-refundable tax credit. With this certificate, low and moderate-income earners can purchase houses. The certification is issued by either mortgage brokers or the lenders themselves. Learn information about Fort Lauderdale, FL.
How Mortgage Credit Certification Works
The mortgage credit certification is designed to help first-time homebuyers qualify for loans. The certification reduces liabilities to a favorable rate that they can afford to pay. Veterans affairs loans Fort Lauderdale credit companies provide have a lot more benefits other than the mortgage credit certification. However, you should note that the Mortgage Credit certificate is not a loan on itself though it allows the borrower to claim up to 50% of the interests paid per year. Discover facts about Convenient Veteran Affairs Loans in Fort Lauderdale, FL.
Where to Get the Mortgage Credit Certificate
Florida State Mortgage Group, Inc. is a mortgage broker in Fort Lauderdale that offers credit certification for borrowers. Through the company, all the Veterans affairs loans Fort Lauderdale has to offer are within reach by all eligible applicants. For consultations about mortgage credit certification, you can call the company through (954)737-3083.
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