The headlines keep coming and rates keep rising.  Though rate are higher than their historic lows, they are still lower than they have been for most of the last generation.  But even these levels may not last long. If you are contemplating purchasing or refinancing a home, you should act quickly to apply. And if anyone you know is thinking along the same lines, please contact us and we will be happy to serve them.

Congress Extends Tax Deduction

We also wanted to let you know that the tax deduction for mortgage insurance was extended by Congress for 2018. This means that depending upon your income level, you may be able to deduct these payments as well as the interest on your home loan and property taxes. We recommend you discuss this with your tax advisor.

Many are using the opportunity of low rates and/or higher housing prices to eliminate their mortgage insurance payments. Want to know how? I would happy to lend some advice on this as well.