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What are the tax advantages of having only one primary residential mortgage?
Wiki User
∙ 10y ago
The tax advantages of one primary residential mortgage vary depending on your location. Some governments allow you to deduct interest payment on your taxes. Some do not. You would have to find out your local governments rules in this area.
Wiki User
∙ 10y ago
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What are the advantages of having a lifetime tracker mortgage?
The advantages of having a lifetime tracker mortgage are that you can pay off your mortgage over a 25 year or longer period of time and you can also adjust your payments by lowering them or increasing them.
What are the advantages of rbs mortgages?
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What are the advantages of having a 40 year mortgage?
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Will having a reverse mortgage on primary residence stop you from getting another conventional loan for secondary home?
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What is the advatage of taking an AARP reverse mortgage?
One of the biggest advantages of taking an AARP reverse mortgage is that one can start receiving money based on the current value of the property without having to sell it.
What is the difference between renting a property and having a mortgage?
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What are the possible advantages of cashing in an endowment mortgage early?
The major advantage of cashing in an endowment mortgage early is having cash available if needed. Sometimes an endowment may be worth more than the outstanding mortgage so cashing in early can ease some financial burden.
What are the advantages and disadvantages of 100 percent financing however having a first mortgage and subfinancing in order to get 100 financing?
The advantage to having a first and second mortgage equalling 100% financing is that you would not have to pay PMI, which would be required on a first mortgage at 100%. The second mortgage is subordinate financing, meaning it is in the second lien position on the house, and therefore does not affect the first mortgage lender's ability to persue the subject property in the event of a default on the loan. The thing to consider is that when you do this on a purchase, your first AND second mortgage lender will qualify you at the cumulative mortgage payment.
