Mortgage tax savings
Several of the expenses associated with your mortgage are tax deductible. These expenses include the amount paid in:
* Interest
* Loan points
* Property taxes
Federal tax laws allow homeowners to deduct the total amount paid towards mortgage interest and property taxes every year. Deductions for points paid are handled differently. On a new home mortgage, homeowners can deduct the cost during the year points are paid. On a mortgage refinance, points paid must be deducted over the life of the loan.
How to compare Wyoming mortgages
Before you can compare Wyoming mortgage offers, you have to have more than one. But they’re easy to get when you use the Wyoming broker directory at Mortgages.com to begin contacting lenders, filling out mortgage applications, and requesting offers.
