For Sale By Owner - FSBO Multiple Listing Service
How can you help me
sell my FSBO property?

I'm A Seller: How can you help me sell my FSBO property?

What have
you got for me?

I'm A Buyer: What have you got for me?


» Home
» Member's Log-In
» Contact Us
» FAQ
» Helpful Links

» Newsletter Ads
» FSBO Articles
» For Rent By Owner
» Lister's Services
» Terms and Conditions
» Seller's Tool Kit
» Buyer's Tool Kit
» Ask a Lawyer
» Ask A Lender
» Brochures
» Real Estate Forms
» STATE PAGES
» Newsletter
» Real Estate Tips
» Site Map
For Sale By Owner - FSBO Multiple Listing Service

Mortgage Interest Write-off

As you have probably read, owning a home can be great because you can write-off the interest you pay on your mortgage.  This is generally true, but you still have to make the payments!  Be aware, however, that certain restrictions apply.

The IRS permits you to write-off the interest paid on the first $1,000,000 in mortgage debt on your personal residence.  Should you get a home equity loan, you can also write-off the interest on the first $100,000 of the loan.

These interest deductions can be really helpful, but they are not an open ended windfall as they are sometimes touted as being.  And it is necessary to keep up with any changes in the law each year.  Yes, I know it's shocking, but the government has been known to be fickle about tax laws!

 

 



Home | For Sellers | For Buyers | Member Log-in | Contact Us | FAQ | Helpful Links | Site Map

FSBO America LLC Content Warning

FSBO America LLC
FSBO - Homes For Sale By Owner
305 Calico Drive
New Bern, North Carolina, 28560
(252) 288-6228
Email: helpdesk@fsboamerica.org