Tag Archives : mortgage finance

What is Home Mortgage Interest Deductions?

What is Home Mortgage Interest Deductions?

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.

Basics of Mortgage Refinancing

Basics of Mortgage Refinancing

The option of mortgage refinancing can help an individual who require extra cash to meet his/her certain financial obligations. Mortgage refinance can be a good option, if planned in a prudent manner; else it can make your position worse. Your property will also be at stake of liquidation, if you are unable to pay mortgage amount by stipulated time.

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