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  1. up-front mortgage insurance premium Just adding to your monthly loan payment amounts and the additional interest charges that you would have to pay as long as you still own the home and continue to make your payments. You decision. Hope that you find the above...

    3 Answers · Business & Finance · 08/05/2013

  2. I would suggest a consultation with a local CPA or EA who specializes in small business taxation with some emphasis on rental properties. For depreciation purposes the first hurdle is that can't depreciate the land, only the house...

    4 Answers · Business & Finance · 28/12/2011

  3. In order to be able to deduct the UFMIP in full, you must pay it at closing. If you finance the UFMIP, you can deduct only the amortized portion over the life of the loan, and when the loan is paid off, you cannot deduct any remaining amount...

    3 Answers · Business & Finance · 06/05/2013

  4. Directly from the IRS site: "You can treat amounts you paid during 2008 for qualified mortgage insurance as home mortgage interest. The insurance must be in connection with home acquisition debt, and the insurance contract must have been issued after 2006...

    1 Answers · Business & Finance · 04/02/2009

  5. being it's "gifted" there is no tax due. You need to have a letter proving that the money is a gift & not a loan when using for a down payment.

    3 Answers · Business & Finance · 20/10/2011

  6. If you received a loan modification that reduced your loan balance, you will receive a 1099-C--this is income to you unless you can exclude it (temporarily) with form 982. Then you don't have to pay the taxes on the income from cancellation of debt until you sell (and then only if...

    1 Answers · Business & Finance · 13/02/2012

  7. I'm a mortgage lender. If they have made corrections to your previously filed returns the lender will see it when they order your transcripts. You signed a form 4506T which allows the lender to get...

    3 Answers · Business & Finance · 31/03/2016

  8. FHA lenders will allow about 41% - 41% of your gross income to be used for proncipal, taxes, insurance, insurance, and fixed debts. (car loan,credit card, etc.)

    1 Answers · Business & Finance · 03/10/2008

  9. Bush was talking about FHA or HUD loans. He mentioned... simple nobody knows how. Including FHA. I wouldnt get your hopes up to...

    2 Answers · Business & Finance · 05/10/2007

  10. Your question makes no sense. What is replce? FHA, Federal Housing Administration?

    3 Answers · Business & Finance · 22/10/2008

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