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

Posts Tagged ‘york’

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.…

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Buying A Vacation Home VS. An Investment Property

Primary residence, vacation home and investment property. These are the three main financing categories your property will fall in to. Today Joe dissects issues big and small when keeping vacation and investment properties. What should you do when geography creates lending problems? What tax and refinancing matters should you consider if you rent out your…

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