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Can Mortgage Points Be Financed?
October 5, 1998, Revised November 7, 2002 "In your article about paying points, you said that the additional cash drain might be avoided by rolling the points into the loan. If there is no cash outlay, isn't the payment of points a no-brainer?" Not ... more...

Another Look at No-Cost Mortgage Refinance
September 2002, Revised August 17, 2004 "Another expert recommends refinancing using a no-closing-cost option. His reasoning is that on a refinance, any points paid upfront must be taken as a tax deduction over the life of the loan. This is in contrast to a purchase ... more...

mortgage tax benefits related definitions

Mortgage Baked Securities, MBS
Mortgage Baked Securities, MBS Mortgage-backed securities (MBS) are bond or other financial obligation secured by a pool of mortgage loans. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by purchasing entity. ... more...

Mortgage Note
Mortgage Note A written negotiable promise (agreement) to pay a sum of money plus interest at a set interest rate. The note is secured by a mortgage. In turn, mortgage is secured by property. Mortgage note states the amount of debt and the rate of interest, and makes the ... more...

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Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Rebuilding After Katrina: Smart Energy Choices
Energy efficiency has been part of the American lexicon since 1978 when the Energy Policy Act was first enacted. Since then, energy efficient homes and increased use of renewable energy resources have become the norm in states like New York and California. Policies and programs have supported these ... more...

Creative Home Equity Strategies for Retirement
The Baby-Boom generation is nearing retirement and it is clear that millions of aging Boomers are financially under prepared. Reasons are many - poor savings habits, rising medical costs, the demise of guaranteed corporate pensions, and the dreaded squeeze faced by many: i.e. having to pay college ... more...

The Advantages of Buying a Home
Buying a Home is at the heart of the American Dream. It can bring happiness and provide a solid foundation for you and your family. It has many benefits, but the following three in particular Tax BreaksWhen compared to other investments, few can generate the healthy and long lasting tax breaks that ... more...

Self Employed Mortgage Loan Getting a Mortgage When Youre Self Employed
Being self employed has many benefits. When you are self-employed, you can write off all of your deductions on your taxes. You have the potential to make more income than someone who is employed by someone else. You have the freedom to be your own boss. One of the few times when being self ... more...

Self Employed Mortgage Loan - Getting a Mortgage When You're Self Employed
Being self employed has many benefits. When you are self-employed, you can write off all of your deductions on your taxes. You have the potential to make more income than someone who is employed by someone else. You have the freedom to be your own boss. One of the few times when being self ... more...

Home Equity Loans Online - Types Of Home Equity Loans
A home equity loan allows you to tap into your propertys value to pay off short-term debt, remodel, or pay for college. There are several options for drawing on your equity, each with their own benefits and drawbacks. No matter which option you choose, interest is still tax deductible.Refinancing ... more...

Renters Have Much to Gain by Pursuing Home Ownership
Buying a home vs. renting is a big decision that takes careful consideration, as most mortgage consultants will agree. But the rewards of home ownership are great. For many years, purchasing real estate has been considered an extremely profitable investment. It is an achievement that offers a sense ... more...

Be Prepared With Your Home Equity Loan Checklist
A home equity loan can be an excellent way to obtain money in order to pay off high interest bills or consolidate your current debt into one monthly payment. A home equity line of credit is a form of revolving credit in which your home serves as collateral. Because the home is likely to be a ... more...

Say Yes to ISA Mortgages for a Convenient Mortgage Repayment
Customers who opt for an interest only mortgage, and feel themselves fortunate at the extraordinarily low monthly installments, wake up. The mortgage may be fast approaching its repayment.Interest only mortgages require only the interest to be repaid as monthly installment. This means that the ... more...

Money Smart Homeowners Use this Mortgage Strategy Every Time
There are currently more than 50 million home mortgages in the United States today. So why arent more homeowners taking advantage of the highest yielding lowest risk, tax-free financial strategy available today?Let me ask you.Where can you....... Forego only $3.35 in tax savings (three dollars and ... more...

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