Category: Blog
Interest on Home Equity Loans Often Still Deductible Under New Law
The IRS has advised taxpayers that in many cases they can continue to deduct interest paid on home equity loans. Responding to many questions received from taxpayers and tax professionals, the IRS said that despite newly-enacted restrictions on home mortgages, taxpayers can often still deduct interest on a
It’s Tax time! Here are a few links for information you may find useful for this time of year.
Popular Tax Benefits An Old Tax Scam Tax Breaks You Can Still Take Deductible Under New Law
Fannie Mae Potentially More Prohibitive on Ratios Over 45%
Desktop Underwriter/Desktop Originator Version 10.2 Release Please be aware of the latest version of DU (DU Version 10.2) is going live this weekend. It is possible that it may become more challenging to get Approved/Eligible findings with ratios over 45%. Please see the complete Release Note
Tax Season Tips from Vision Financial Group
Here are some links to tips for your returns this year courtesy of Vision Financial Group CPAs LLP: Real estate deductions in NJ Best time to file your taxes Tax audits risks Check out Vision Financial Group CPAs LLP
Northstar Funding Makes Financing Easier for Condo Owners with FHA
Northstar Funding is now offering FHA financing on individual condo units. Under the updated guidelines which took effect on Oct. 15, 2019 – an individual condo unit in a building of 10 units or more may be eligible for spot approval if 10% or less of the units are FHA-insured. For units in buildings with f