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Closing on Mortgage by Dec. 31 Could Earn Big Deductions

Closing on Mortgage by Dec. 31 Could Earn Big Deductions

This is a discussion on Closing on Mortgage by Dec. 31 Could Earn Big Deductions within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Weak housing prices are a seller's nightmare, but a boon for buyers able to scoop up a bargain. Although most ...

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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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12-07-2008, 12:24 PM

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Closing on Mortgage by Dec. 31 Could Earn Big Deductions ...

Weak housing prices are a seller's nightmare, but a boon for buyers able to scoop up a bargain. Although most expenses connected with buying a home are not deductible, there's a big exception when it comes to points paid to get a b.../b

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