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Mortgage News for Sunday - March 6, 2005

More Mortgage News
• A second mortgage, a second chance
• Homeownership brings wide variety of tax benefits
• Biweekly mortgage payments timely option for homeowners
• The Washtenaw Group Reports Lower 2004 Results From Mortgage Slowdown
• Mortgage insurers say piggyback loans carry off business
• Interest on home-equity loans not always deductible
• Adjustable rate mortgages lose their edge
• Snow Says Oil Prices Create `Headwinds' for U.S. Economy
Mortgage News
A second mortgage, a second chance - 2005-03-06
Kim Sullivan patiently waited 17 years for a second chance. Even she wasn't ready for how fast life moved after it arrived.

Fate intervened to bring the couple together, and it came in the guise of an appraiser named Mary Favret.

Nicolle was taking a second mortgage out on his house, and need his house evaluated. Favret arrived to do the job.
Read the full story at Toronto Star
 
Homeownership brings wide variety of tax benefits - 2005-03-06
Owning a home suggests different things to different people -- but all homeowners share one thing in common: an appreciation for the tax breaks they get.

There can be various tax benefits 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 Centre Daily Times
 






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