I wasn’t quite clear on the instructions in the 1040 booklet. Am I correct in assuming that if I have a loan under $ 500,000 and I’m married filing separately, I cannot deduct the interest paid on the mortgage for the past year?

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I purchased the house in 1988 and sold it in 1993 but it does not show up on my credit report. I need my mortgage company information.

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I found a home I really like but its $ 97000 and my income is $ 1600 per month. They can give me either option to finance myself or mortgage. I want a mortgage because I would like to have everything escrowed and then refinance after 2 years. My credit score is 561 and maybe [...]

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I plan on buying a house that has active renters in it. I have applied and been approved for the principal residence mortgage (5% down). I want to renovate an inactive part of the property and move into that part when the renovations are done. During the time of renovation, this property will not be [...]

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I’ve been hearing about this 8k home credit if your a first time homebuyer and buy a new house. I’m thinking about buying a place by the end of the year. I don’t make that much money, only 31k a year, however my motorcycle and car are both paid off so I don’t have any [...]

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I will be purchasing a new home that needs a little work. The sale of my apartment will just cover the purchase price on the new property. If I will need some funds available to spruce up the new place (around $ 30,000), would I be better off taking out a small mortgage or getting [...]

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I’d like to know when it makes sense to refinance a 1st mortgage? What interest rate difference is worthwhile? And if you refi with same bank, can you negotiate the closing costs? Maybe say you will take your mortgage elsewhere?

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When I bought my home, it was assessed at 90k. Now, two years later, the assessed value has dropped to 74k. Should I notify my mortgage company? Would it help me, or hurt me? This assessment is from the county property tax assessor.

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I can start a business right now that will make me 70-100k a year and i want to know how long do i have to operate my business for before i can qualify for a mortgage? Will have to wait for a year in order to use my tax return as proof of income? Please [...]

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I just bought a house and have a loan for about 85% of the appraised value of the house. Is there a way of getting around mortgage insurance if you owe more than 80% of the value of the house? Thanks!

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