Skip to Content

Craig Berry, Loan Officer

Loan Officer of MortgageResearch.com

Craig Berry, Loan Officer

Craig Berry has spent more than 25 years helping families buy and refinance real estate. In addition to originating mortgage loans, Craig has been providing industry-leading content for more than a decade. Craig has been featured in a number of national publications and websites. Visit Craig on TikTok and Instagram.

Articles written by Craig Berry, Loan Officer

Keys, a calculator, and hands holding a home and a wad of money.

Mortgage Credit Certificate (MCC): How It Can Help Make Your Mortgage Payments More Affordable

A Mortgage Credit Certificate (MCC) is a federal tax credit program that allows eligible first-time homebuyers to claim a portion of their annual mortgage interest as a dollar-for-dollar reduction on their federal taxes. Issued by state or local governments, MCCs help make homeownership more affordable but are not loans or direct payments.

'Escrow' displayed on a calculator screen on top of  a stack of money

What is Mortgage Escrow?

A mortgage escrow is an account set up by your lender to collect certain required homeownership expenses, such as property taxes and insurance premiums, to make sure they get paid and to simplify payment for the homeowner.