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Month: April 2013

How Location Affects Mortgage Interest Deduction

Posted on April 26, 2013, updated on May 1, 2015 by clients

What is home mortgage interest deduction? This principle allows a taxpayer to reduce their total amount of taxable income if they own a home. By calculating the amount of interest you’ve paid on your home loan, you could qualify for a deduction for interest on a mortgage. This principle cannot be implemented the same way […]

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Record Low for 15-Year Mortgage Rate

Posted on April 12, 2013, updated on May 1, 2015 by clients

Freddie Mac reported this week that mortgage rates dropped yet again this week. Specifically, the 15-year-fixed loans are at a record low. This time last year, 15-year-fixed rates were at 3.07 and now they are at 2.56. 15-year-fixed mortgages are not the most popular types of mortgage, but they are at a rate low enough […]

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