Nothing is ever as simple as you think it is. What’s the likelihood that a homeowner falling towards forclosure on his mortgage might also be behind on his income taxes? Actually its pretty common, and unfortunately, it can put a family in a world of hurt.
Here’s the circumstance: if you fall far [...]

It’s helpful to remember that ours is a market economy. That means that economic decisions aren’t forced from the top by a government bureaucrat, but rather the reasoned (or sometimes emotional) decisions of millions of individual consumers, business executives, bankers, marketers etc. Reports from a number of sources today hint that even [...]

4 Nov, 2008 in Points, Refinance, taxes by Finance Editor

It is pretty common knowledge that home mortgage interest is deductible. It is less commonly know that some of the costs of refinancing your home are also deductible on your federal income taxes.
The term “points” is used to describe certain charges paid to obtain a home mortgage.

Here are some things to remember when deducting [...]