One of my financial New Year’s resolutions this year is to refinance my home while mortgage interest rates are relatively low.>>> [Read More]
Tag Archive: Loan
New Year Financial Resolution: Refinance
Mortgage rates are still near historic lows, and that can mean that you might be able to refinance to a lower rate — and lower your home mortgage payment.
How Much Mortgage Can You Afford?
One of the most common questions people ask themselves as they begin house hunting is this one: How much mortgage can I afford?
Tax Advantages of Having a Mortgage
Paying taxes is never much fun. And no matter how you slice it, paying interest — even on a mortgage — is depressing. This is why it is nice in some cases be able to see tax advantages from having a mortgage. You can deduct your mortgage interest to lower your taxable income. This also includes the interest you pay on some second home mortgage loans. You can also deduct for points you pay, if you are getting a new home mortgage. It’s actually fairly straightforward. In any case, it is a good idea to consider the tax efficiency involved with your mortgage, as well as the deductions available to you through your other assets and even — possibly — some of your losses.>>> [Read More]
