Archive for the 'Tax' Category

How to Read a Good Faith Estimate

By C.L. Haehl
When applying for a mortgage loan, you will receive a Good Faith Estimate (GFE) from each lender you apply with. This is your tool to compare fees and make an informed decision. Here are some tips to help you accurately read the form:
Points and Lender Fees
Near the top of the quote, you will [...]

January 19 2008 | Home Purchase & Sale and Mortgage & Home Loan and Tax | No Comments »

Home Owners Insurance Tax Deduction up to $50

By Earnest Young
Before Congress went on recess for the holidays, it passed a new tax break for middle-income taxpayers who plan to purchase a home in 2007. The tax break, neatly sandwiched in an omnibus tax bill, allow new homeowners to claim a deduction on their mortgage insurance premiums.
Many home buyers cannot afford to make [...]

January 17 2008 | Tax and Tips and homeowners Insurance | No Comments »