If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
TAX CREDIT
Recent Posts
- Retirement Planning: Plan your Retirement for Income Through Mutual Fund Investment
- What debt negotiation company would you recommend? We are looking for a company that is legit and fair.?
- Unsecured, Bad Credit Loans
- Secrets of the Millionaire Mind – What You Should Know
- What is the right time to start ‘Retirement Planning’ ?
Popular Posts
Random Posts
Popular Searches
Recent Comments
- Mark on Has anyone had a good or bad experience with debt relief companies like credit relief today?
- billy on How to Buy Houses “Subject To” – Real Estate Investing Training Video
- michael Leon on Total Protect Home Warranty Information
- Steve Rowan on How late do you have to be on your mortgage payments before a bank will start foreclosure procedings?
- Dan P on Letter from “The Department of Debt Relief”?
Some municipalities underwrite mortgages — usually for low-income residents or certain municipal employees such as teachers and first-responders — by floating bond issues to raise the money to lend. The mortgage payments then are used to pay off the bond holders. Since the bonds are sold by state or local governments, the bond interest is normally exempt from Federal income taxes.
If your mortgage was funded this way it will say so on the mortgage documents.