Home Purchase Loan

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Asked by Tony
Answered by Charles Sizemore, CFA in Dallas, TX
Hi Tony, While I do not expect the government to eliminate the mortgage deduction, it should really be a moot point. If you can only afford the house in question w...
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Asked by Gina
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
It's all about a cost/benefit analysis for your particular loan, rather than a "refi if your rate drops by 1%" or other general "rule of thumb". It may not pay to ref...
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Asked by Katie
Answered by David Skow, Mortgage BrokerPRO+ in Seattle , WA
Disadvantages of a shorter term loan is a higher payment that what a 30 yr loan requires if you can afford the higher payment for a 10 or 15 yr fixed easily - this is ...
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Asked by Martha
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
Good question. You may actually gain tax benefits by renting out a home. You can deduct some of the same expenses on a rental property as you do now: property taxes...
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