Mortgage Interest - MoneyTips https://moneytips.com/mortgages/management/mortgage-interest/ Finally, money tips that make cents. Mon, 22 Jan 2024 20:53:27 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 Can You Deduct Mortgage Interest on a Second Home? https://moneytips.com/mortgages/management/mortgage-interest/can-you-deduct-mortgage-interest-on-a-second-home/ Mon, 13 Jun 2022 16:28:23 +0000 https://moneytips.com/?p=9622 The mortgage interest deduction is a popular tax break that allows homeowners to write off the home loan interest they pay each year.  But what about considering the deduction for a second home? What qualifies for the mortgage interest deduction? And more importantly, can you deduct mortgage interest on a second home? The short answer...

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]]> How Does Mortgage Interest Work? https://moneytips.com/mortgages/management/mortgage-interest/how-does-mortgage-interest-work/ Thu, 16 Dec 2021 23:00:08 +0000 https://moneytips.com/?p=2976 Buying a home can be challenging. From figuring out the right time to buy a home to figuring out how to buy a home (all while learning insider mortgage lingo in your spare time), it’s a lot.  It may look like madness, but, trust us, there’s a method to the “madness.”  Your home (because we...

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]]> What Is Mortgage Amortization? Calculators and Schedules Explained https://moneytips.com/mortgages/management/mortgage-amortization/ Thu, 09 Dec 2021 18:30:11 +0000 https://moneytips.com/?p=3148 Picture this: You found the perfect home. You qualify for the loan. You’ve got a pen in your hand, you’re ready to sign your mortgage loan, and then your lender starts talking about your amortization schedule. If you’re like a lot of us, you probably start to wonder what an amortization schedule is and why...

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]]> What is LTV (Loan-to-Value Ratio) and How To Calculate It https://moneytips.com/mortgages/management/how-to-calculate-loan-to-value-ratio/ Wed, 10 Nov 2021 17:12:05 +0000 https://moneytips.com/?p=2733 There are a lot of numbers involved in buying and owning a home, like your credit score or debt-to-income (DTI) ratio. Another equally important number – not only when you buy your home, but throughout homeownership – is your loan-to-value (LTV) ratio.  Whether you’re looking to become a homeowner or already own a home, it’s...

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