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accumulated Is an Assumable Loan in your Future? And, why? With mortgage rates on the rise, we may be looking for more creative ways to make selling and buying your home more affordable. When interest rates were extremely high in the 1970’s, assumable mortgages were common and a good tool for sellers as well as an incentive for buyers. What exactly is an assumable loan? […]
2018 How Will the New Mortgage Interest Deduction Change Affect You? Mortgage Interest Deduction The final bill reduces the limit on deductible mortgage debt to $750,000 for new loans taken out after 12/14/17. Current loans of up to $1 million are grandfathered and are not subject to the new $750,000 cap. Neither limit is indexed for inflation. Homeowners may refinance mortgage debts existing on 12/14/17 up […]
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