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 …
Tag Archive: mortgage interest deduction
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 …
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 …
