A lot of confusion remains about tax deductions for home equity loans under the new tax law. Learn more by clicking HERE. Source: https://www.irs.gov/newsroom/interest-on-home-equity-loans-often-still-deductible-under-new-law
If you had a $500,000 income tax problem, would you attempt to deal with it without the help of a CPA? If you had a $500,000 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it would be foolish to consider … More Why do I need a Realtor?
Home equity loans are no longer tax-deductible, under the Tax Cuts and Jobs Act of 2017. Read this Forbes article for more information. Source: Suburban Realtors Alliance and https://www.forbes.com/sites/nickclements/2017/12/28/borrowers-lose-home-equity-tax-deduction/#752dc3826cdf
A new Fannie Mae and Freddie Mac-approved down-payment program called “HomeFundMe” allows employers to help workers’ down payment on a home, similar to how companies contribute to a 401(k). CLICK HERE to read an overview from the National Association of Realtors. (source: NAR realtor magazine). Or Click HERE and go directly to the HomeFundMe website to learn more … More “HomeFundMe” – How Employers Can Now Add to Down Payments