Mortgage brokers, mortgage agents, and mortgage lending

One of the items that home owners should be aware of is home mortgage interest. Why you ask? Because home mortgage interest is deductible up to $1 million worth of mortgages used to acquire or improve your main personal property and one other home. How many of your clients are not informed about this particular item? Could this deduction entitle them to a refund? Be sure and share with clients home equity debt, on top of regular mortgage cannot exceed the fair market value of the property. For example we have all seen those 125% home equity loans commercials. This does not include them because all of that interest on 125% home equity loans is not deductible. The information you share with a customer can make the difference between additional referrals or your client not referring you.