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Refinance vacation home to pay off mortgage on primary residence?
you should do just th eopposite. Refinance the primary and payoff the vacation home. Primary home interest is 100% tax deductable. Vacation home interest may not be depending on income level.
Should you refinance first home before buying a second home to be a primary residence and then renting out the first?
housing and urbon developing
Do property taxes go up on your primary residence if you buy a 2nd home?
They are independent properties and there should be no effect on taxes on the primary residence as long as it continues to meet the requirements for a primary residence.
What is the primary killer in home fires?
What is a primary killer in home fires
How soon after purchasing a home should I consider refinancing?
You should consider refinancing your home after purchasing it when interest rates drop significantly, typically within the first few years.
If one owns the 1st home as the primary home and owns a 2nd home for family to live in - can the 2nd home still be considered as a primary residency home and not an investment property?
simple answer is no. The home can be considered as a second home if it is at least 50 miles from the primary residence. Otherwise it has to be treated as a investment.
What is the primary color of the basketball home team's uniforms?
The primary color of the basketball home team's uniforms is blue.
What are the benefits of reverse mortgages for seniors?
The primary benefit of a reverse mortgage is using the equity built up within your home without ever having to repay it back.
If i foreclose on my 2nd home how will it affect my primary home?
If you foreclose on your 2nd home, it will not affect your primary home. It will actually free up money so you can pay your first mortgage.
Do you have to pay capital gains taxes when you sell a house?
If you had the home as your primary residence within the past 2 years, you will not have the pay the taxes. This is as long as you did not gain more than $250,000 from the sale.Ê
What to expect in foreclosure of condo not primary home?
The foreclosure of a condominium unit upon which you hold a mortgage should proceed like any other foreclosure.
If you own a home in one school district but your children sometimes stay overnight at a home that is in another school district then what school should the children attend?
Their primary residence address determines their school district.
