Tagged: mortgages

Colorado home-sellers could see a big bill as the result of a lesser-known change in GOP tax proposals

Colorado home-sellers could see a big bill as the result of a lesser-known change in GOP tax proposals

Colorado residents need to be aware of one tax change that could have big implications for them when it comes time to sell — an extension in the time owners must occupy their homes to avoid paying capital gains taxes.

Denver-area home buyers who wait will need a bigger down payment

Denver-area home buyers who wait will need a bigger down payment

Real estate firm Zillow projects metro Denver’s median home price will rise from $372,800 in September to $383,667 a year later. That would lift a 20 percent down payment from $74,560 to $76,733, which requires an extra $181 a month in savings.

Wealthy homebuyers already figured out how to game the GOP tax plan

Wealthy homebuyers already figured out how to game the GOP tax plan

In the Hamptons, brokers and buyers already have a workaround for a tax-plan provision under consideration in Congress that would take away the mortgage-interest deduction for second homes: Become landlords instead of owners.

Wealthy homebuyers already figured out how to game the GOP tax plan

Wealthy homebuyers already figured out how to game the GOP tax plan

In the Hamptons, brokers and buyers already have a workaround for a tax-plan provision under consideration in Congress that would take away the mortgage-interest deduction for second homes: Become landlords instead of owners.

Senate GOP tax bill would delay biz cut, undo deductions

Senate GOP tax bill would delay biz cut, undo deductions

Senate Republicans revealed the details of their sweeping tax legislation Thursday, including a one-year delay in plans for a major corporate tax cut despite strident opposition from the White House and others in their own party. Their bill would leave the prized mortgage interest deduction untouched for homeowners in a concession to the powerful real estate lobby but would ignore a House compromise on the hot-button issue of state and local tax deductions.

Senate GOP tax bill would delay biz cut, undo deductions

Senate GOP tax bill would delay biz cut, undo deductions

Senate Republicans revealed the details of their sweeping tax legislation Thursday, including a one-year delay in plans for a major corporate tax cut despite strident opposition from the White House and others in their own party. Their bill would leave the prized mortgage interest deduction untouched for homeowners in a concession to the powerful real estate lobby but would ignore a House compromise on the hot-button issue of state and local tax deductions.

Most Colorado homeowners wouldn’t feel a sting if mortgage interest deduction is cut, but industry is wary

Most Colorado homeowners wouldn’t feel a sting if mortgage interest deduction is cut, but industry is wary

Of new mortgages and refinanced home loans issued so far in Colorado this year, 5.4 percent have been over $500,000. So how big a deal is the GOP proposal to cut the national mortgage interest tax deduction down to that level?

Most Colorado homeowners wouldn’t feel a sting if mortgage interest deduction is cut, but industry is wary

Most Colorado homeowners wouldn’t feel a sting if mortgage interest deduction is cut, but industry is wary

Of new mortgages and refinanced home loans issued so far in Colorado this year, 5.4 percent have been over $500,000. So how big a deal is the GOP proposal to cut the national mortgage interest tax deduction down to that level?

How many families actually own half-million dollar homes?

How many families actually own half-million dollar homes?

Of the many changes to the U.S. tax code proposed in House Republicans’ plan released this week, few are proving to be as contentious as the cut to the mortgage interest deduction (MID).

How many families actually own half-million dollar homes?

How many families actually own half-million dollar homes?

Of the many changes to the U.S. tax code proposed in House Republicans’ plan released this week, few are proving to be as contentious as the cut to the mortgage interest deduction (MID).