Loan
How To Calculate Mortgage Interest Deduction If It’s Over The Max One of the advantages of homeownership is the ability to deduct interest paid on mortgages. The mortgage interest paid by homeowners can be deducted from their taxable income thanks to an itemized deduction, which results in a reduction in the total amount of taxes … Read more
Student loan borrowers will get a hand in saving for retirement next year Borrowers who are now making payments on their student loans will find it much simpler to save money for their retirement thanks to a new law that will go into effect the following year at the federal level. Employers will be able … Read more
How to Apply for Public Service Loan Forgiveness What would you do if you knew there was a way to wipe off five figures worth of student loan debt overnight? With the help of the Public Service Loan Forgiveness (PSLF) program, this was accomplished for tens of hundreds of thousands of debtors. Know How to … Read more
Student Loan Borrowers Hit Snags as Payments Resume: ‘It’s a Challenging Environment,’ Head Of The Loan Servicer Group Says Borrowers report receiving inaccurate bills and experiencing extremely lengthy wait times while trying to get in touch with their servicers as monthly payments begin again after a hiatus of more than three years. Know about Student … Read more
Mortgage Rates Today: October 6, 2023—Rates Hold Stead A 30-year fixed-rate mortgage currently has an average interest rate of 8.07%, which is 0.03 percentage points higher than the previous week’s average. By choosing a 15-year fixed mortgage instead of a 30-year fixed-rate mortgage, borrowers can save money on interest payments. An average 15-year fixed mortgage … Read more
Rocket Mortgage Is Raising Its Conforming Loan Limits. What Does That Mean For Buyers? According to Rocket Mortgage, it is boosting the cap on Fannie Mae and Freddie Mac-insured conforming loans. This rise occurred before the Federal Housing Finance Agency’s (FHFA) late-November release of the loan ceilings for 2024. With a lower credit score and … Read more