Comments for Mortgage Loans - AllMortgageLoans.com http://www.allmortgageloans.com Find the Best Rates in minutes. We compare over 700 lenders and brokers. We help consumers get the best loans Mon, 28 Jan 2013 09:28:55 +0000 hourly 1 http://wordpress.org/?v=3.2.1 Comment on Mortgage on primary home to buy second home, can i deduct taxes? by Landlord http://www.allmortgageloans.com/mortgage-on-primary-home-to-buy-second-home-can-i-deduct-taxes/#comment-1635 Landlord Wed, 16 Nov 2011 21:08:00 +0000 http://www.allmortgageloans.com/mortgage-on-primary-home-to-buy-second-home-can-i-deduct-taxes/#comment-1635 He can deduct the mortgage because it will be on his primary residence with the vacation home being paid for in cash from the mortgage. He can deduct the mortgage because it will be on his primary residence with the vacation home being paid for in cash from the mortgage.

]]> Comment on Mortgage on primary home to buy second home, can i deduct taxes? by DJ B http://www.allmortgageloans.com/mortgage-on-primary-home-to-buy-second-home-can-i-deduct-taxes/#comment-1634 DJ B Wed, 16 Nov 2011 21:04:11 +0000 http://www.allmortgageloans.com/mortgage-on-primary-home-to-buy-second-home-can-i-deduct-taxes/#comment-1634 What I suggest is to look to the tax code regarding a second home. But I believe the answer is yes. What I suggest is to look to the tax code regarding a second home. But I believe the answer is yes.

]]> Comment on Mortgage on primary home to buy second home, can i deduct taxes? by patrick http://www.allmortgageloans.com/mortgage-on-primary-home-to-buy-second-home-can-i-deduct-taxes/#comment-1633 patrick Wed, 16 Nov 2011 21:01:17 +0000 http://www.allmortgageloans.com/mortgage-on-primary-home-to-buy-second-home-can-i-deduct-taxes/#comment-1633 I assume you mean the interest, not the taxes. In any case, the taxes are definitely deductible. The mortgage is deductible up the the amount she originally paid for her primary residence, plus any long term capital improvements she has made. For example if her first home was purchased in 1992 for $ 200,000, and she made an addition of a 4th bedroom for $ 40,000, she can deduct a martgaeg interest payment of $ 240,000 on a second mortgage, used to pay for a vacation home. I assume you mean the interest, not the taxes.
In any case, the taxes are definitely deductible. The mortgage is deductible up the the amount she originally paid for her primary residence, plus any long term capital improvements she has made.
For example if her first home was purchased in 1992 for $ 200,000, and she made an addition of a 4th bedroom for $ 40,000, she can deduct a martgaeg interest payment of $ 240,000 on a second mortgage, used to pay for a vacation home.

]]> Comment on Mortgage on primary home to buy second home, can i deduct taxes? by WeLoan.Us http://www.allmortgageloans.com/mortgage-on-primary-home-to-buy-second-home-can-i-deduct-taxes/#comment-1632 WeLoan.Us Wed, 16 Nov 2011 20:52:34 +0000 http://www.allmortgageloans.com/mortgage-on-primary-home-to-buy-second-home-can-i-deduct-taxes/#comment-1632 yes.....He can deduct the closing costs and the interest on both properties.. yes…..He can deduct the closing costs and the interest on both properties..

]]> Comment on Describe the advantages and disadvantages of three different institutions of best mortgage rates and terms? by Skip http://www.allmortgageloans.com/describe-the-advantages-and-disadvantages-of-three-different-institutions-of-best-mortgage-rates-and-terms/#comment-1631 Skip Mon, 14 Nov 2011 04:55:20 +0000 http://www.allmortgageloans.com/describe-the-advantages-and-disadvantages-of-three-different-institutions-of-best-mortgage-rates-and-terms/#comment-1631 you can get into all kind of variables in the loan business. What you are attempting to do is almost impossible to do. You are the one getting the loan. Which of the three do you feel comfortable with? Which is charging you less for the loan? Which has the best rate? Can you make the mortgage payments with ease? Did either give you a pre-approval? The reasons it is difficult to tell you about the various mortgages is because one could be charging a processing fee while another is charging a lender's fee. One loan could be a no points no fee loan and this loan is costing you a .125, while the other is charging one point, but you can deduct the point off you income tax at the end of the tax year. So as you can see it boils down to the APR and which ever is the cheapest. One might offer better service. or be closer to where you live. You are not gonna save that much if the difference is .125 or .25. What we are trying to tell you is that without the entire loan amount, interest rate, closing cost we are not able to separate the three. Your best bet is the mortgage broker, he has more underwriters underwriting his loans. He also have more programs, he just might have your major bank and banking company with the president Choice program. I hope this has been of some use to you, good luck. "FIGHT ON" you can get into all kind of variables in the loan business. What you are attempting to do is almost impossible to do.

You are the one getting the loan. Which of the three do you feel comfortable with? Which is charging you less for the loan? Which has the best rate? Can you make the mortgage payments with ease? Did either give you a pre-approval?

The reasons it is difficult to tell you about the various mortgages is because one could be charging a processing fee while another is charging a lender’s fee.

One loan could be a no points no fee loan and this loan is costing you a .125, while the other is charging one point, but you can deduct the point off you income tax at the end of the tax year.

So as you can see it boils down to the APR and which ever is the cheapest. One might offer better service. or be closer to where you live.

You are not gonna save that much if the difference is .125 or .25.

What we are trying to tell you is that without the entire loan amount, interest rate, closing cost we are not able to separate the three.

Your best bet is the mortgage broker, he has more underwriters underwriting his loans. He also have more programs, he just might have your major bank and banking company with the president Choice program.

I hope this has been of some use to you, good luck.

“FIGHT ON”

]]> Comment on Describe the advantages and disadvantages of three different institutions of best mortgage rates and terms? by amstarlender http://www.allmortgageloans.com/describe-the-advantages-and-disadvantages-of-three-different-institutions-of-best-mortgage-rates-and-terms/#comment-1630 amstarlender Mon, 14 Nov 2011 04:17:17 +0000 http://www.allmortgageloans.com/describe-the-advantages-and-disadvantages-of-three-different-institutions-of-best-mortgage-rates-and-terms/#comment-1630 sure you can call all around and run your credit scores down to the point no one can help you. find a broker you like and feel comfortable with and have them explain the different programs out there and dont give your SS#.... then decide if this is a managable situation for you payment wise. then call a few lenders and ask them for there rate & cost for a specific loan program and then you can compare APR the lowest APR is the cheapest to you but !!!! beware of switch and bait at closing. if you aren't happy with what you see at closing ...get up and walk out without signing anything and tell the loan officer you are talking with that you WILL WALK if things change at closing !!!! sure you can call all around and run your credit scores down to the point no one can help you. find a broker you like and feel comfortable with and have them explain the different programs out there and dont give your SS#…. then decide if this is a managable situation for you payment wise. then call a few lenders and ask them for there rate & cost for a specific loan program and then you can compare APR the lowest APR is the cheapest to you but !!!! beware of switch and bait at closing. if you aren’t happy with what you see at closing …get up and walk out without signing anything and tell the loan officer you are talking with that you WILL WALK if things change at closing !!!!

]]> Comment on Describe the advantages and disadvantages of three different institutions of best mortgage rates and terms? by Jack Hoff http://www.allmortgageloans.com/describe-the-advantages-and-disadvantages-of-three-different-institutions-of-best-mortgage-rates-and-terms/#comment-1629 Jack Hoff Mon, 14 Nov 2011 03:38:09 +0000 http://www.allmortgageloans.com/describe-the-advantages-and-disadvantages-of-three-different-institutions-of-best-mortgage-rates-and-terms/#comment-1629 Compare the APR, which is the note rate with all the variables factored in. The APR was meant to be a way to compare various loan offers. Compare the APR, which is the note rate with all the variables factored in. The APR was meant to be a way to compare various loan offers.

]]> Comment on can i get a bad credit mortgage loan? by Judy http://www.allmortgageloans.com/can-i-get-a-bad-credit-mortgage-loan/#comment-1628 Judy Sat, 12 Nov 2011 18:50:47 +0000 http://www.allmortgageloans.com/can-i-get-a-bad-credit-mortgage-loan/#comment-1628 Have you contacted your mortgage holder and ask them if they can re-structure your loan? If you have already take this one further step and contact the government agency that was set up with our tax dollars to help you. http://makinghomeaffordable.gov/ / Have you contacted your mortgage holder and ask them if they can re-structure your loan?
If you have already take this one further step and contact the government agency that was set up with our tax dollars to help you.
http://makinghomeaffordable.gov/
/

]]> Comment on can i get a bad credit mortgage loan? by Wayne Z http://www.allmortgageloans.com/can-i-get-a-bad-credit-mortgage-loan/#comment-1627 Wayne Z Sat, 12 Nov 2011 18:39:26 +0000 http://www.allmortgageloans.com/can-i-get-a-bad-credit-mortgage-loan/#comment-1627 Probably not. It's tough to get a mortgage now even if you have good credit. Probably not.

It’s tough to get a mortgage now even if you have good credit.

]]> Comment on Bad Credit Mortgage Loans by GuideTechnology http://www.allmortgageloans.com/bad-credit-mortgage-loans-2/#comment-1613 GuideTechnology Thu, 10 Nov 2011 08:24:34 +0000 http://www.allmortgageloans.com/bad-credit-mortgage-loans-2/#comment-1613 Gangster Gangster

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