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FINANCIAL CRISIS SOLUTIONS; Double the Mortgage Deduction

FINANCIAL CRISIS SOLUTIONS; Double the Mortgage Deduction

This is a discussion on FINANCIAL CRISIS SOLUTIONS; Double the Mortgage Deduction within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The government's $700 billion package, good for Wall Street, is said to be good for Main Street. Now, in addition, ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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10-08-2008, 08:29 PM

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FINANCIAL CRISIS SOLUTIONS; Double the Mortgage Deduction

The government's $700 billion package, good for Wall Street, is said to be good for Main Street. Now, in addition, let's do something we know is good for Main Street: double the bmortgage/b interest deduction in 2008 and in future years as b.../b

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