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Mortgage

Home Equity Loan Interest May Still be Deductible under New Tax Legislation

The recently passed tax bill suspends the itemized deduction for interest on home equity indebtedness, beginning with tax years after December 31, 2017. A taxpayer, however, may still be able to claim a deduction for some or all of the interest on a home equity line of credit (HELOC). The type of loan (e.g. traditional… More >

Conforming Mortgage Loan Limits to Increase for 2017

The Federal Housing Finance Agency (FHFA) announced on November 23rd that the maximum conforming loan limit for 2017 will be $424,100. Conforming loan limit is the maximum amount of money that buyers can borrow in a Fannie Mae or Freddie Mac backed loan for a one-unit property. For most single-family home buyers, the current limit… More >