How Will The New Tax Reform Affect Mortgages & Is It A Good Time To Get Out Of That Rental And Buy?

How Will The New Tax Reform Affect Mortgages & Is It A Good Time To Get Out Of That Rental And Buy?

One of the biggest issues in the new tax proposal regarding real estate affects your ability to deduct interest from your mortgage. Currently interest can be deducted on mortgages up to $1,000,000; the proposed amendment would drop that amount to $500,000. This is a big hit to Californian’s where average home prices are extremely high. Today Joe discusses the new tax proposal, what he believes could be done to help middle class Americans, and who will be affected the most.

If you’re here renting and you have to be here, it’s time to get creative. One of Joe’s new objectives is to see how many renters he can get out of their rental and on their way to home ownership. Listen in as Joe rants about renters who spend too much time getting bogged down by the news instead of creating a plan with an open mind. Your first home is rarely your forever home, but it can be your first steps towards the home you want.

 

 

If you wish to contact Joe Cucchiara email him at Joe@RERadioLive.com, call (408)-838-9060 or simply visit www.RERadioLive.com. We also provide additional information to help you make smart decisions in and around your real estate venture.

All the information in this podcast is broadcast in good faith and for general information purpose only. We do not make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information on our website is strictly at your own risk. We will not be liable for any losses and damages in connection with the use of associated information. www.reradiolive.com All Rights Reserved. Copyright 2015. Joe Cucchiara MLO 273084 This is not a commitment to lend. Bobbi Decker CalBRE 00607999. Our team fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/. Read more at http://radiolive.rerl.libsynpro.com/#xhDOuqiFWVEfL1qw.99

 

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