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Monthly Archives: March 2017

    Mortgage Loans from Relatives

    By Shannon Foster-Boline | March 30, 2017

    Occasionally, when dealing with close relatives who might also become heirs, signing a note and handling the paperwork properly may seem like a needless effort but it could mean the difference in being able to take a legitimate interest deduction. Home mortgage interest is deductible only if the loan is a secured debt which involves the... Read More

    Save the Cost of Mortgage Insurance

    By Shannon Foster-Boline | March 27, 2017

    During the banking crisis in the Great Recession, certain types of mortgages were unavailable that are once again being offered. Fortunately, the 80-10-10 mortgage is one of those making a reappearance and it can save borrowers a considerable amount of money. The objective of an 80-10-10 mortgage is to avoid the expense of mortgage insurance... Read More