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Maryland: Expand deduction for mortgage loan points Taxpayers who itemize deductions on their Maryland personal income tax returns may deduct mortgage loan points from income to the extent that they are ......(Continue Reading)MARYLAND: Recordation Tax: Exemption Extended to Inter Vivos Trusts Effective July 1, 2004, the exemption from Maryland recordation tax for the refinancing of a mortgage or deed of trust has been extended to the trustee ......(Continue Reading)MARYLAND: Income Tax: Requirements for Sales by Nonresidents Changed For Maryland corporate and personal income tax purposes, the requirements applying to the sale of property by nonresidents have been changed. Effective ......(Continue Reading)A new trap awaits mortgage borrowers A new trap awaits mortgage borrowers When Robbin and Barry Good applied to refinance the short-term loan on their Northville, Mich., home, they put up $500 to "lock in' a 9 3/4 percent rate fo...(Continue Reading)Refinancing fumbles: as more homeowners take advantage of low interest rates, overworked banks and mortgage brokers are making errors that could cost you Never mind baseball--with interest rates at near-record lows, refinancing has become the national pastime. In 2002, roughly $2.24 trillion worth of home mortgages were financed, and nearly 60 perce...(Continue Reading) |