Olan?s first message is about potential home buyers. If you are waiting for the new year to make a home purchase decision or closing, you may want to know mortgage rates are inching up slightly. Olan sees momentum in the bond market to move rates up in the future. So you may want to consider locking in a rate now in case there a chance rates go higher the first of the year.
Another mortgage tip is about mortgage tax deduction if you closed on a home this year. Most know you can use your mortgage interest payment as a deduction at tax time. What you may miss is some or all of the upfront insurance premium costs or funding fee for government type loans, FHA, VA, USDA, are also tax deductible. Check with your tax consultant to see if you qualify for this type of deduction.
For more tips or questions, contact Olan Carder
Olan CarderAmerican Security Mortgage [email protected] www.charlottemortgageonline.com 704-910-1456 980-721-7478 – Mobile Personal License #97565