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Which Home-Related Expense are Tax Deductible?

Which home-related expenses are tax deductible? Mortgage interest and property tax are well-known deductions. Here are some others: • The interest on a home equity loan is fully tax deductible unless the balance on the original mortgage plus the

Short sale Myth #7

Recently I read about six "Short sale Myths De-bunked" written by I Short Sale Inc. which was written for us to our home buyers and sellers. Sadly those short sale myths are in the heads of our clients. Surprisingly I found out that many times

Mortgage rates drop to lowest level this year

The average rate on a 30-year FRM dipped to 4.93% this week, says Freddie Mac - its lowest level since Dec. 2009. A lower rate the more savings on your home you will have. Call me at 850-364-3946 to see how it affect your buying power or visit http://www.yourgreathomes.com

Fannie Tightens Interest-Only Requirements

Fannie Mae announced Friday that it plans to require borrowers using interest-only mortgages to put down 30 percent of the sale price. Fannie Mae also said it will only buy adjustable-rate mortgages underwritten to require that borrowers could afford

Buying a Foreclosure Is No Picnic

Buyers seeking a foreclosed property should realize that not every foreclosure is a good deal. Urge would-be buyers of foreclosures to have the property thoroughly inspected, says Dan Steward, president of the Tampa-based inspection firm, Pillar to Post.