Ever get the feeling that the deck is stacked against you. This Jan 31, 2012 article in the Seattle Times, Page 3, “Freddie Mac bets against struggling homeowners” justifies that feeling. If you’re self-employed, have less than 20% equity in your home, and currently have a mortgage interest rate in excess of 6%, don’t expect relief anytime soon. If you’re a …
Reining In Mortgage Interest Write-offs
Referencing the Seattle Times article Tax-legislation Plans Bound To Surface Next Year, it is easy to at first dismiss the headline as so much typical legislative money hunting by elected officials. But upon complete review, some good points are raised by Ken Harney, syndicated columnist to The Times. Case in point: when homeowners pull more than $100,000 in equity out …