home loans – mortgage refinance second mortage

October 29, 2009

Can I claim the mortgage interest on my taxes?

Filed under: United States — Tags: , , , , — admin @ 2:07 am
mommyof4 asked:


My husband and I are divorced and I own the home and pay the mortgage. The loan is in his name, but he does not take the deduction since he is not paying the loan. Is there anyway for me to claim the deduction on my taxes. A special form or something? Thanks in advance!!

ROYCE

September 3, 2009

Does anyone know if the VA Funding Fee (mortgage insurance) is tax deductible?

Filed under: United States — Tags: , , , , , , , , — admin @ 12:53 pm
HivesDude asked:


The VA Funding Fee is usually combined with the total amount of the VA Home Loan, it is a form of mortgage insurance (not to be confused with property insurnace).

DARNELL

August 19, 2009

20% cost of my home was financed thru personal installment loan. is the interest tax deductible?

Filed under: United States — Tags: , , , , , , , — admin @ 7:19 am
Rohit D asked:


80% of the cost price was financed thru mortgage loan. So I have two notes, mortgage and installment loan. Can the interest on the installment loan tax deductible? If so can you please also provide reference to the source preferably IRS.

LANCE

August 16, 2009

Question about my Interest Only Home Loan and Tax Deductions?

Filed under: United States — Tags: , , , , , , , , — admin @ 11:44 am
lindauerndc asked:


I have an Interest Only mortgage and since mortgage interest is tax deductible, doesn’t that imply that my entire mortgage payment is deductible?
The Form 1098 I just received shows the “mortgage interest received” is only a fraction of the interest I paid this year. What percentage of mortgage interest IS deductible on these interest-only loans?
Thanks!

MICHEAL

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