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Mortgage News for Saturday - April 3, 2004

More Mortgage News
• Big risks, big rewards for those working in Iraq
• Should you rent or should you buy?
• Credit-card debt increases among elderly Americans
• Mortgage Endowment: Six ways to quickly lose £30bn
• Local builder draws five-year sentence for mortgage fraud
• Low Rates Signal Another Round of Refinancing
• Salary gap hits first-time buyers
• Helping Hard-Pressed Owners Safeguard Homes
• Mortgage forgery charges pending against developer
• Winona in midst of housing boom
• Rentals bring tax breaks, burdens
• Real deal on real estate
• 30-Year Mortgage Rates Higher
• Meet Mr Average: worth £82,400 and a hostage to house prices
• Construction Spending Falls in February
• S'pore banks bet big on mortgages
• Buyer's tricks in a runaway seller's market
• Unpaid taxes put homes at risk
• Where the jobs are
• House named in memory of woman
Mortgage News
Rentals bring tax breaks, burdens - 2004-04-03
Investment success with rental properties depends on more than just location, location, location. In particular, taxes play a huge role.

Owners of investment real estate can deduct a lot more than homeowners can. This list includes the costs of maintenance, insurance, mortgage interest, property-management fees, property taxes, homeowners association dues and travel costs to visit a property.
Read the full story at azcentral.com
 
Real deal on real estate - 2004-04-03
The tepid stock market and low interest rates have made a potent force in the Valley's hot housing market: investors.

R.J. Crosby of the Crosby Team at CTX Mortgage said serious investors should have financing lined up. They are competing against not only other investors but also typical home buyers very motivated to get into another house.
Read the full story at azcentral.com
 






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