Home equity loan tax deductible

Home equity loan tax deductible

Many home equity loans are tax-deductible. Unfortunately,most borrowers step into the loans without taking advantage of the savings. Employers,businesses,and many others are offered cuts on taxes from paying particular expenditures from the gross earnings. Thus,they won’t get a cut on the mortgage itself possibly,but the interest rates on the equity loan are tax-cutting commodities. Home equity loans are loans provided to borrowers against the value or equity on the home. In other …

Manufactured home refinance loan

Manufactured home refinance loan

Manufactured home refinance rates tend to follow the pattern of regular mortgage rates because they have to be competitive with lenders that are encouraging traditional homeownership. In the past, in order to finance a modular house, there was a 20% down payment needed and the loan life was 10-20 years. Unlike traditional houses and land, manufactured ones are only financed for the home itself. Manufactured home refinance rates can be obtained by those seriously considering refinancing …

Welcome Home Loan Program

Welcome Home Loan Program

GRAYSLAKE,Ill. (CBS) – A disabled veteran from Grayslake is trying to take advantage of a state loan program for veterans to buy a home – but he says he’s getting the run-around. Gordon Kouba,43,is a veteran of Operation Desert Storm. He spent four years in the Marines,and was disabled. Now he wants to buy a home under a special state government loan program for veterans,but there have been delays,and unanswered phone calls. LISTEN: WBBM Newsradio’s Steve Miller reports Kouba …

IRA loan for home purchase

IRA loan for home purchase

By Roy Lewis It s not often that you can take money from your traditional IRA or from your earnings in a Roth IRA before age 59 1/2 and avoid the dreaded 10% early withdrawal penalty. But, surprisingly enough, this is one of the tax benefits enacted as part of the 1997 Taxpayer Relief Act to help people become homeowners. Now the law allows individuals to receive distributions from their traditional IRAs to pay up to $10, of first-time homebuyer expenses without incurring the …