All Posts Tagged With: "imputed"
Mortgage Modification or Refinance — What’s The Difference?
Is it better to modify a mortgage or to refinance? While both result in new loan terms, the two choices are very different. When you refinance a mortgage you replace an existing loan with a new one. There’s no need to negotiate with the old lender because his mortgage claim will be extinguished. However, borrowers [...]
25May2010 | Peter G. Miller | 0 comments | Continued
Can I Get A 1 Percent Mortgage From My Parents?
A 1 percent interest rate raises some concerns. If the market interest rate is 8 percent, for example, and you’re paying 1 percent, then we do have a fair market interest level? The interest not paid — the missing 7 percent — may well be regarded as “imputed” and income to your parents, even though [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
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