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How Will The New Tax Reform Affect Mortgages & Is It A Good Time To Get Out Of That Rental And Buy? - Real Estate Radio LIVE
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.…
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