Category Archives: Mortgage and home loans

Mortgage Debt Forgiveness Tax Relief by U.S. Law Set to Expire at End of This Year 2012

U.S. law – Mortgage Forgiveness Debt Relief Act of 2007 – applies to debt forgiven in calendar years 2007 through 2012 – including possible debt forgiven through SHORT SALE process. For purposes of income tax, this law allows for exclusion of income realized as … Continue reading

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Home Mortgage Loan Rates Continue at Record Lows

Mortgage loan rates reached new all-time lows last week and moved home buyer affordability even higher. Rates on 30-year fixed mortgages have been at or below 4 percent for the last eight weeks and now are almost 0.9 percentage points … Continue reading

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