The mortgage interest deduction entitles you to completely deduct the interest on your home loan for the year in which you paid it. Mortgage interest is not a dollar-for-dollar tax cut; it reduces taxable income. You must itemize deductions in order to do this, which means your total deductions must exceed the IRS’s standard deduction….
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Milwaukee Area Real Estate
Milwaukee Area Real Estate
Milwaukee Area Real Estate
The first step towards getting a mortgage is a pre-approval. This checklist has a few things that you will need to move forward on the home-buying process. Check your credit score. (Free Credit Report: creditkarma.com) Address any disputes, issues or questions regarding your credit report. YOUR CREDIT IS IMPORTANT FOR PREAPPROVAL. DO NOT DO THE…
Read MoreThe first step towards getting a mortgage is a pre-approval. This checklist has a few things that you will need to move forward on the home-buying process. Check your credit score. (Free Credit Report: creditkarma.com) Address any disputes, issues or questions regarding your credit report. YOUR CREDIT IS IMPORTANT FOR PREAPPROVAL. DO NOT DO THE…
Read More