by Renu Vardhan | Jul 2, 2009 | Finance, Tax
The American Recovery and Reinvestment Act of 2009 offers homebuyers a tax credit of up to $8,000 for purchasing their first home.In May 2009 FHA ruled that state Housing Finance Agencies and certain non-profits can “monetize” up to the full amount of the...
by Renu Vardhan | Aug 25, 2008 | Finance, Tax
The mortgage interest credit is intended to help lower-income individuals afford home ownership. If you qualify, you can claim the credit each year for part of the home mortgage interest you pay.You may be eligible for the credit if you were issued a mortgage credit...
by Renu Vardhan | Aug 21, 2008 | Finance, Tax
With interest rate being low and everyone trying to refinance the mortgage and cash out – you may want to find out if your mortgage interest deduction on your tax return will be affected.IRC 163 defines qualified mortgage interest (interest you can deduct if you...
by Renu Vardhan | Aug 20, 2008 | Finance
Most of the time people do not budget their expenses and enjoy a lavish life. The result- they are head to toe in debt. Most of their paycheck goes out in making monthly payments towards these debts. So to meet their bare minimum requirements they again look forward...
by Renu Vardhan | Aug 8, 2008 | Finance
With rates being at the all time lows, now may be a good time to consolidate your school or college loans, car loans, credit card loans, variable rate mortgage loans or the adjustable rate mortgage loans.Refinancing your high interest current mortgages could bring in...