Tag Archive: mortgage interest deduction

Mar 28

Can you still deduct your home-equity loan interest?

Interest on home equity loans is still deductible, but with a big caveat  Many feared that the new tax law — the Tax Cuts and Jobs Act of 2017, enacted in December — was a death knell for deducting interest from home equity loans and lines of credit. These loans are based on the equity in your home …

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Apr 01

FHA to reject borrowers in minor credit disputes

NEW YORK (CNNMoney) — The Federal Housing Administration is about to make it even tougher to borrow money from Uncle Sam to buy a home. Starting April 1, borrowers in ongoing disputes with creditors over debts of $1,000 or more may no longer qualify for FHA-insured loans. Even borrowers with perfect credit scores can be …

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Feb 18

Nine documents for your real estate tax breaks

Technically speaking, April 15th is tax day. But for Americans who expect a refund – including many homeowners who want to cash in on real estate-related tax perks – filing sooner holds the promise of getting that check in hand, stat. If you count yourself in that number, here’s a handy guide for 9 pieces …

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Dec 03

Mortgage interest deduction important to 75% of home owners

LawrenceYun, NAR chief economist, expects near term home sales will continue to climb from their low this past summer. However, he voices concern regarding the mortgage interest deduction, an important component in housing affordability. “Preliminary results of a new survey show nearly three out of four home owners and two out of three renters consider …

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