04-25-2012, 02:32 PM
(04-25-2012, 01:23 PM)kandrathe Wrote: The main program that our government has to promote home ownership is that we are able to deduct a portion of our mortgage interest from our gross income when calculating taxes.
Nit: we're allowed to deduct all of our mortgage interest along with PMI (insurance the bank has against defaults), and property taxes. Unless your interest per year is extremely low (below the personal deduction), you'll easily be able to deduct all of the mortgage interest (including PMI and property taxes) from your effective gross income (what the US government figures your taxes based on).
Sith Warriors - They only class that gets a new room added to their ship after leaving Hoth, they get a Brooncloset
Einstein said Everything is Relative.
Heisenberg said Everything is Uncertain.
Therefore, everything is relatively uncertain.
Einstein said Everything is Relative.
Heisenberg said Everything is Uncertain.
Therefore, everything is relatively uncertain.