Posted by Batool Shamim on March 20, 2011 ·
The major benefits for home mortgage finance include the tax deduction allowed for interest cost of mortgage. The deductions are allowed subject to fulfillment of some conditions. The home equity is calculated by deducting mortgage amount from the fair market value (FMV) of home. Owners prefer use of equity for their other loans which carry higher interest costs due to admissible tax deductions.
Posted by Batool Shamim on March 17, 2011 ·
If you are a financially troubled mortgage holder and find it is difficult to pay off your mortgage payments then you can take help from a home loan modification program. There are certain important facts about this programs which you should be aware of.
