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Parents' mortgage gift may trigger tax
Jul 13, 2009 . Parents should consult a tax professional before making a generous mortgage gift to a child. . Inside: Mortgage calculator | Home equity loan .
http://www.bankrate.com/brm/news/DrDon/20090713_mortgage_gift_tax_a1.asp
Why do we insist you need both "education' and "training?"
Borrowing for a Mortgage From Your Parents - NYTimes.com
Nov 4, 2010 . PAPERWORK: Tim Burke's company, National Family Mortgage, helps . SETTING UP THE LOAN To avoid tax consequences, the parents will .
http://www.nytimes.com/2010/11/05/business/businessspecial5/05MORTGAGE.html?pagewanted=all If parent transfers house to me, how can I get mortgage tax ...
Can I get the mortgage tax deduction if a parent transfers their house . you pay off your parent's loan while working on lining up your own loan.
http://ask.metafilter.com/103437/If-parent-transfers-house-to-me-how-can-I-get-mortgage-tax-deduction
Is paying mortgage to parents OK? - Nicholson - NewsObserver.com
Apr 18, 2010 . It worked fine for the car loans, but a mortgage seems different somehow. Will the mortgage interest still be tax deductible? Will it affect our .
http://www.newsobserver.com/2010/04/18/440805/is-paying-mortgage-to-parents.html From parent to mortgage lender: Helping a child buy a home
Both parents can gift a total of $20000 to a child without facing gift taxes, . As a second way to help, parents can co-sign on the mortgage loan for their children.
http://www.homesbymarco.com/news/Article.asp?intSectionID=3&intWriterID=4&intArticleID=1543
Avoiding Taxes on a Gift of Equity - The Mortgage Professor
You avoid mortgage insurance if the loan amount is 80% of property value or less . Lenders will accept your parent's gift of equity of $50000 as the equivalent of .
http://www.mtgprofessor.com/A%20-%20Down%20Payment/how_can_i_take_advantage_of_an_equity_gift.htm More parents help on kids' mortgages – USATODAY.com
Oct 4, 2011 . One bank officer suggested that they get one of their parents to co-sign the loan, but that would have resulted in a mortgage rate of 5% to 5.25% .
http://www.usatoday.com/money/perfi/housing/story/2011-10-04/mom-and-pop-mortgages/50662308/1
Google Answers: A tax/mortgage question...
Subject: A tax/mortgage question... Category: . So - my parents are co-signing a loan for my wife/I. I am wondering about the tax ramifications.
http://answers.google.com/answers/threadview/id/254838.html
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An important message from Paul Donohue,
Borrowing From Family and Friends to Buy a House | Nolo.com
Parents, other relatives, or even friends who lend you money for a house can benefit . Commonly called a private home loan, a private mortgage, or an intrafamily . from a bank, private loans allow you to benefit from the federal tax deduction .
http://www.nolo.com/legal-encyclopedia/borrowing-from-family-friends-buy-29649.html
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Making Loans To Your Kids - Harmoney Finance - Learn how ...
Trap: Many parents make interest-free or low-interest loans to their children. Such loans may have gift and income tax consequences. Under the Tax Code, .
http://www.harmoney.com/tax/tips.php?id=299
Parent Mortgages & Loans | Government Housing & Mortgage Help ...
The parents can deduct their expenses as well as the mortgage interest, the property taxes, insurance, maintenance, and utilities on income tax returns. Also .
http://www.mortgageloan.com/parents/
FAQs - Wintrust Mortgage
A reverse mortgage is a federally-insured home loan that enables . equity in their homes into tax-free income without having to sell the home, give up title, or take . Throughout the life of the reverse mortgage, your parents will continue to own .
http://www.wintrustmortgage.com/faqs.html
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