What can be deducted from home refinancing?

Answer Most people refinance their mortgages to take advantage of lower interest rates. The Internal Revenue Service (IRS) gives an added benefit of being able to take several tax deductions.PointsYou can... Read More »

Top Q&A For: What can be deducted from home refinancing

Is taking out a home equity loan or refinancing a home better?

On One Hand: Cash-Out RefinanceA cash-out refinance is best if interest rates have fallen since you took out your mortgage. The cash-out refinance will lower the interest rate on the entirety of yo... Read More »

When refinancing a home will they ask you to make repairs on the home?

not usually...if they require an appraisal for the new loanthey will come out and appraise the home and they will value it as it is

Can home repairs be deducted from taxes?

On One Hand: No Deductions for Home RepairsThe Internal Revenue Service does not allow you to deduct the cost of repairs that you make to the home you live in. However, if your repairs qualify as a... Read More »

What is refinancing a home?

Refinancing a home refers to taking out a new mortgage to pay off the old mortgage. When contemplating a refinance, you have to weigh the costs and benefits, and know how much longer you plan to ow... Read More »