Your Personal Taxes
At ViRB Mortgage Network our ID mortgage lenders are knowledgeable of the laws governing taxes that are related to mortgages. Many homeowners in ID find the tax issues related to the home loan refinance process confusing, but we can guide you through the process quickly and easily. To explain briefly, the Internal Revenue Service (IRS) has made a ruling that interest paid for refinancing must be deducted over the life of the loan. However, if the home loan is being used to make improvements to your ID home, the borrowers may be permitted to deduct a portion of the interest right away. The exact tax laws concerning refinancing are complex and the details should be discussed with your ID mortgage broker at ViRB Mortgage Network. The IRS website, www.irs.gov, may also provide helpful information on the subject of taxes and ID refinances.
We Can Help Your With Your Refinance
The decision to refinance in ID has, in the past, meant home owners had to balance the savings of a lower monthly payment against the costs of refinancing. In recent years, ViRB Mortgage Network has introduced "no cost" and low-cost refinancing packages that minimize or completely eliminate the out-of-pocket expenses of refinancing.
With traditional refinancing, the interest rate for your new ID mortgage is often about 2 percentage points below the interest rate of your current mortgage. However, with the newer low- and no-cost refinancing programs offered by ViRB Mortgage Network, home owners can find it valuable to refinance to obtain a smaller reduction in interest rates.
ID Real Estate Information
At ViRB Mortgage Network we offer real estate information in ID and many cities within the state. Below is a brief list of some key areas where we offer our services, please browse through the information given about the areas to help guide you in finding a great location. If the area you are currently searching for is not listed below, then please contact one of our mortgage and real estate professionals today at 208.345.5626.