Proposal to Eliminate the Mortgage Interest Deduction

Posted on July 20, 2011 by Leasa Magnuson in Individual Tax

Last week I talked about the Mortgage Credit Certificate, I thought it only fitting to let you know this week that the mortgage interest deduction is one of the items Congress is looking at in order to do something big with the nation’s debt instead of just a band aid. The mortgage interest deduction cost […]

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How Does the Mortgage Credit Certificate Work?

Posted on July 13, 2011 by Leasa Magnuson in Individual Tax

Recently I was asked how Mortgage Credit Certificates work in comparison to the Mortgage Interest Deduction. The answer is they work together for low income individuals. States and local governments may elect to grant revocable mortgage credit certificates to low-income individuals. According to Colorado Housing and Finance Authority (CHFA) people in Larimer County with a […]

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