Mortgage Tax Deduction Information for Homeowners 2009, 2010

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	Mortgage Tax Deduction Information for Homeowners 2009, 2010

teresancmc2003

5-27-2009 12:48 PM

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mortgage, tax, deduction, information, for, homeowners, 2009, 2010

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/48d58ee7-0a68-423e-8bf7-b795fdc46d9b/B5092120-2BF7-48B5-88F6-695770D3D68A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://hubpages.com/hub/mortgagetaxdeduction" href="http://hubpages.com/hub/mortgagetaxdeduction" style="font-size: 11px;">hubpages.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://hubpages.com/hub/mortgagetaxdeduction"><P>One point equals 1% of the loan amount, paid at the time of closing. In exchange for paying this fee up front you get a lower interest rate. This is often referred to as "buying down your rate." At tax time each year, your lender is required to issue you a Form 1098 indicating both the interest you've paid, as well as the points that were paid at closing. Take a close look at your 1098 statements. If you paid points last year they should be itemized on this document.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://hubpages.com/hub/mortgagetaxdeduction"><P><STRONG>So, if you're a home-owner,</STRONG> <STRONG>be sure to <A href="http://www.harborfinancialonline.com/mortgage-interest-deduction.htm">see if you qualify for the mortgage-interest tax break</A></STRONG> this year, and use our free mortgage tax deduction calculator to see how much you can save in taxes.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/B5092120-2BF7-48B5-88F6-695770D3D68A/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>