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9 posts tagged with tax and mortgage. (View popular tags)
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How is mortgage interest to a private party treated under the AMT?

In the US tax code (specific to the AMT), is mortgage interest to a private party treated differently than mortgage interest to a bank? [more inside]
posted by true on Apr 19, 2014 - 2 answers

Questions regarding PMI...

I'm investigating reappraising our house to get rid of PMI. We meet the conditions for application, which involve bringing in an appraiser. The appraiser we would pay for is hired through the mortgage company — we have no control over the appraisal process. Do appraisers who are hired to get rid of PMI do a fair and honest job in calculating the true market value, or, alternatively, do their valuations fall close to online appraisals on average, within some percentage? (Are online estimates close to market value, within noise? Two online estimates suggest we are over the required valuation by roughly 40-50k.) Finally, are there downsides or gotchas to getting rid of PMI, other than a smaller federal deduction at tax time? [more inside]
posted by Blazecock Pileon on Oct 8, 2013 - 9 answers

Do we have to repay the first-time home buyer credit? [scenario inside]

I am buying a new house in my name only. My wife and I received the 2009 $8000 tax credit for first time home buyers, and have not lived here the required 3 years. The house was purchased in her name and she will be staying at the old house. Do we still have to repay the credit?
posted by idyllhands on Apr 26, 2012 - 5 answers

Help me understand how to leverage a rental property to purchase another rental property.

Help me understand how to leverage a rental property to purchase another rental property. Plus it involves family and money. [more inside]
posted by ninjew on Oct 16, 2008 - 3 answers

If parent transfers house to me, how can I get mortgage tax deduction?

Can I get the mortgage tax deduction if a parent transfers their house to me and I begin paying the mortgage without going through an actual sale and real estate agent/commission process? [more inside]
posted by KimikoPi on Oct 4, 2008 - 5 answers

Exactly what will I get after messing with my withholding?

I've got a mortgage and withholding question. [more inside]
posted by COBRA! on Nov 8, 2006 - 9 answers

Mortgage TAX

Last Min. Tax Question. Please help [more inside]
posted by curiousleo on Apr 12, 2006 - 7 answers

One roommate owns, one doesn't; how to handle?

I own a condo with a mortgage and tax deductions and equity. SO moving in. How do we split expenses fairly? Many other questions about financial logistics. [more inside]
posted by commander_cool on Feb 13, 2006 - 20 answers

What are the implications of becoming a cosigner on a mortgage?

My parents asked me to become a cosigner on their house purchase (they don't have enough credit to get the house themselves). I am fully willing to accept the financial responsibility, but am wondering if there are any hidden caveats (especially with regard to IRS) that I should be aware of? [more inside]
posted by blindcarboncopy on Mar 5, 2005 - 14 answers

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