bhs6565 asked:


When I got the home equity loan 4 yrs ago it was for 20% over the value of the home and I used not deduct the intrest from the loan on my taxes. In the last 4 yrs the home value has gone up and both my mortgage and equity loan have gone down. I am below the value the home now and was wondering if I can now deduct the interst from my taxes. My last apprasial 5yrs ago is for about what the loans are for, but I am doing a refi and getting a new apprasal this month which will be for much more then the current loans are. In other words can I use this appraisal this month as proof that the loans are less then the value of the home for the 2007 tax period.

Erin

Vanessa R asked:


I am getting ready to buy a home and my mortgage lender went over some fees but I thought they were all rolled into my end cost with a FHA loan. Well now I have paid almost $600 in fees that will be credited to me at closing. I have now picked my closing agent what other fees will I incur before closing? I am just trying to stay afloat with bills and also save enough to have proof of 1st month mortgage. I have searched the internet like crazy but there is not much about fees prior to closing with the VHDA/FHA plus loan. Thanks in advance for anyone’s help! Have a great day.

GARRETT