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Understanding Your Responsibilities After Loan Closing

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Understanding Your Responsibilities After Loan Closing - PowerPoint PPT Presentation


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Understanding Your Responsibilities After Loan Closing. Your Responsibilities. On-time mortgage payments Tax considerations Home maintenance On-time real estate tax payments Early contact with lender if you have trouble making payments. Tax Deductions.

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Presentation Transcript
your responsibilities
Your Responsibilities
  • On-time mortgage payments
  • Tax considerations
  • Home maintenance
  • On-time real estate tax payments
  • Early contact with lender if you have trouble making payments
tax deductions
Tax Deductions
  • Interest paid on up to $1 million of acquisition debt
  • Interest paid on up to $100,000 of home-equity debt
  • Points paid on home-equity or refinance loan (deducted over loan term, not in year paid)
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