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White House Announces New Actions On Homeownership
Each 1% of the mortgage quantity that home patrons pay on top of their down payment usually reduces their interest rate by 0.25%, though the exact quantity will depend on the lender and the mortgage. Homeowners filing taxes jointly can deduct all funds for mortgage interest on loans up to $1 million, or loans up to $750,000 if made after Dec. 15, 2017. Single filers get half those amounts — $500,000 or $375,000, respectively. It…