How You Refinance Matters » Taxes

Home Equity Loan Tax Advantages

Robert Regehr — Mon, 05 Jun 2006 21:05:34 +0000

If you are considering a home equity loan for any reason, there are pros and cons to using these loans. One of the advantages of a home equity loan secured by your residence is the interest you pay can be a tax deduction for your. Second mortgages and home equity lines of credit are a [...]

Home Equity Loan Tax Advantages is a post from Robert Regehr's Mortgage Refinancing Blog.

Deduct Your Mortgage Refinance Points

Robert Regehr — Tue, 28 Mar 2006 01:17:55 +0000

Did you refinance your mortgage loan last year? If so, don’t forget to deduct any points you prepaid for interest on your 2005 tax return. The points you pay are pre-paid interest; you pay up front to receive a lower interest rate. The good news for you is these points are a deduction on your [...]

Deduct Your Mortgage Refinance Points is a post from Robert Regehr's Mortgage Refinancing Blog.

Home Equity and Mortgage Interest Tax Deduction

Robert Regehr — Sat, 18 Mar 2006 03:54:11 +0000

The interest you pay on your Home Equity Loan may be tax deductible. If you are legally responsible for the mortgage and the loan is secured by your home this interest can be an itemized deduction for you. There are three requirements to claim the mortgage interest deduction. The first requirement is that you (the [...]

Home Equity and Mortgage Interest Tax Deduction is a post from Robert Regehr's Mortgage Refinancing Blog.

The Mortgage Interest Tax Deduction is Safe

Robert Regehr — Sat, 18 Feb 2006 05:00:51 +0000

Today President Bush gave up on the notion of changing the tax laws to eliminate your mortgage interest tax deduction. At a conference in Florida today a homeowner asked the President to ensure housing would remain affordable in the United States. The President stated the mortgage interest tax deduction would remain as part of the [...]

The Mortgage Interest Tax Deduction is Safe is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Interest Tax Deduction

Robert Regehr — Tue, 31 Jan 2006 04:46:29 +0000

As a homeowner paying interest on a mortgage you are eligible to deduct the interest you pay each year from your Federal income taxes. In order to get the maximum mortgage interest tax deduction you need to understand the rules. Mortgage interest that you pay on your primary and secondary home is generally deductible. Mortgage [...]

Mortgage Interest Tax Deduction is a post from Robert Regehr's Mortgage Refinancing Blog.

How to Maximize Your Mortgage Interest Deduction

Robert Regehr — Mon, 30 Jan 2006 05:53:53 +0000

Every homeowner knows the advantage of having a mortgage every year when April rolls around. As a homeowner you get to deduct the interest you paid the previous year on your mortgage loan. What many homeowners don’t know is that they are eligible for another deduction if they paid points for refinancing or purchasing a [...]

How to Maximize Your Mortgage Interest Deduction is a post from Robert Regehr's Mortgage Refinancing Blog.

More on Mortgage Interest Tax Deductions

Robert Regehr — Wed, 26 Oct 2005 05:08:33 +0000

There is nothing surprising about the fact that President Bush is receiving strong criticism for his advisory panel recommending removal of the tax deduction for home mortgage interest. The President’s advisory panel is a nine-member board that is recommending the following in its report next week: First, they recommend lowering the mortgage interest deduction cap; [...]

More on Mortgage Interest Tax Deductions is a post from Robert Regehr's Mortgage Refinancing Blog.

Attack of the Greedy Texan

Robert Regehr — Tue, 25 Oct 2005 05:00:31 +0000

The mortgage interest deduction you claim on your taxes is under attack and has been since the days of the Reagan administration. This deduction allows homeowners to deduct the interest paid on their home mortgage loan from income tax. It also allows for the deduction of Property taxes on your home. There are many loopholes [...]

Attack of the Greedy Texan is a post from Robert Regehr's Mortgage Refinancing Blog.

President Bush and Your Mortgage

Robert Regehr — Thu, 13 Oct 2005 03:13:42 +0000

Are you a homeowner with a mortgage? President Bush is planning to take money out of your pocket. The tax reform commission appointed by President Bush agreed this week to recommend a significant reduction in the amount of mortgage interest a homeowner can deduct from their taxes. If a nationwide cap on mortgage interest deductions [...]

President Bush and Your Mortgage is a post from Robert Regehr's Mortgage Refinancing Blog.