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Mortgage Refinancing Articles
Taxes
January 30, 2006
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 [...]
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October 26, 2005
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; [...]
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October 25, 2005
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 [...]
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October 12, 2005
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 [...]
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My name is Robert Regehr and I’m a personal finance blogger with a chip on my shoulder for banks and mortgage brokers that take advantage of my friends and neighbors.
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