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Vermont has seen an influx of second home buyers in the past few years. Here are some second-home tax rules to keep in mind.Mortgage interest.The mortgage interest you pay on your second home is tax deductible just as the interest on the mortgage on your first home is.You can write off 100% of th...
Foreclosures are on the rise. Lenders are tightening their belts and their lending practices. No money down loan programs are becoming harder to find, which means Vermont home buyers need to have money available for a down payment. Here are some tips on how to come up with the down payment.1. Ask...
The National Association of Realtors reports the Pending Home Sales Index, which is based on contracts signed in February is at 109.3, down 8.5 percent from February 2006. David Lereah, the chief economist for NAR, attributese this decline to unusually bad weather in February and the problems in ...
Tax Day is only a couple of weeks away. Don't forget to claim the deduction for the mortgage interest you paid at closing when you bought your home.All mortgage interest is tax deductible. You should have received a year-end statement from your lender showing how much interest you paid for 20...