Don’t forget these tax savings when doing your taxes!
Mortgage cancellation relief is extended for another year. Households that have mortgage debt forgiven by a lender in 2013 as a result of a modification, short sale, or foreclosure will not have to pay tax on the amount forgiven.
Mortgage insurance premiums remain deductible. Tax filers making less than $110,000 who pay for mortgage insurance can deduct the cost of their premiums on their 2012 and 2013 tax returns.
Are you ready to buy your first home but not sure how to go about it? Please join me as I present the home buying process, how to choose the right people to help you purchase the right home, and how to get pre-approved for a loan.
Wednesday, February 27th @ 6:00
First Time Home Buyers Seminar
1900 West 5th St, Oxnard, CA 93030
The Federal Housing Finance Agency (FHFA) and Consumer Financial Protection Bureau (CFPB) have agreed to partner on the creation of a National Mortgage Database – the first comprehensive repository of detailed mortgage loan information. The database will primarily be used to support the agencies’ policymaking and research efforts and to help regulators better understand emerging mortgage and housing market trends.
You are probably getting tired of hearing how low interest rates are—but, they are the lowest that you’ve seen in your lifetime! What does this mean for you and your family? Two things: If you are planning to stay in your home for the long haul, then you should consider refinancing your home; OR if your home will not meet your needs for the long run, then now is the time to make your move.
