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This would not benefit you at all. What income would you have to deduct them from?

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14y ago

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How can one obtain a no interest mortgage loan?

You may be able to obtain a no interest mortgage loan by visiting the Federal Housing Finance Agency website. The FHFA have been thinking about offering no interest only mortgage plans, which currently no company does.


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Certain mortgage interest paid on a primary residence, meeting some other qualifications, is deductible against ordinary income - as an itemized deduction, if that is what you mean.


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How has the current housing crisis affected mortgage rate?

Mortgage rates or the interest rates for home loans are affected by a variety of factors. More often than not, they are influenced by supply and demand. A strong economy results in more borrowing which in turn results in higher interest rates. Conversely, with the softening of an economy, borrowing goes down and so does interest rates. The Federal Reserve can also influence interest rates through raising or lowering the discount rate which is the interest rate banks are charged when they borrow money from the Federal Reserve. Read more http://www.housingnewslive.com/mortgage-rates.php


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