Mortgage Monday: Are Tax Credits For Homeowners in Jeopardy?

Are Tax Credits For Homeowners in Jeopardy?

There has been a lot of talk lately about the “fiscal cliff” and what it could mean for homeowners. One of the tax credits on the table is the homeowners’ mortgage interest tax credit, in which you receive a credit for the interest paid on the loan for the purchase of your primary residence. This is the single best reason for someone to buy a home in the USA.

The National Association of Realtors has for years successfully lobbied to keep this tax credit advantage for homeowners. They are still at work in Washington lobbying for you, the homeowner, trying to make home ownership as attractive and beneficial as possible to more and more Americans.

The housing market is just starting to recover, and it would be a real shame if the mortgage interest tax credit were taken away. Call your congressperson and let him or her know that you would like this worthwhile tax credit to remain in place.

 

 

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