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Mortgage News for Sunday - February 6, 2005

More Mortgage News
• Homeowners' biggest deductions: mortgage interest, property tax
• Oh, to see the Super Bowl? Try a 2nd mortgage
• State court tosses out local mortgage rules
• Westpac welcome mat for brokers
• £1 trillion: our home loan debt
• Georgia struggles with rising tide of mortgage fraud
• Internet helps mortgage hunters find better deals
• Short-term interest rate hike has winners, losers
• Sharp decline in mortgage refis seen
• Escrows hit home
Mortgage News
Homeowners' biggest deductions: mortgage interest, property tax - 2005-02-06
Owning a home means various things to different people -- but all homeowners share one thing in common: an appreciation for the tax breaks they get.

There can be numerous tax advantages to owning a home, the most important being the deduction of real estate taxes and mortgage interest from your taxable income.
Read the full story at San Jose Mercury News
 
Oh, to see the Super Bowl? Try a 2nd mortgage - 2005-02-06
Kevin P. O'Donoghue will be at the Super Bowl. When he returns, he'll worry about the house he mortgaged to watch his beloved Philadelphia Eagles.

Mortgage bankers in Philadelphia and southern New Jersey said that Eagles fans called about refinancing mortgages, or taking out home equity loans or home equity credit lines, to pay for what O'Donoghue calls "the chance of a lifetime."
Read the full story at Pioneer Press
 






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