In the search for a home loan, you have a huge variety of options to choose from.  Should you get a 40 year fixed, 30 year fixed. 30 year I/O, 30 year fixed with an up front 10 year I/O?  How about combining your loan type with a Mortgage Credit Certificate?

Say what? A Mortgage Credit Certificate.

The Mortgage Credit Certificate (MCC) reduces the amount of federal income tax you pay, thus giving you more available income to qualify for a mortgage loan and assist you with house payments.

The MCC is available to homebuyers who meet household income and home purchase price limits established for the MCC Program as well as federal eligibility regulations.

I have only seen this in one transaction in my years of real estate, but it can be a beneficial way to save money. Learn more at about Mortgage Credit Certificates.