refinance my rental property

are home equity loans tax deductible 2017 If you use a home equity loan to buy, build or substantially improve your home, the interest you pay on that loan is tax-deductible. The 2017 Tax Cuts and Jobs Act allows homeowners to deduct interest paid on both mortgages and home equity loans and lines of credit – up to a combined total of $750,000.

 · Hi Mark, my husband and I are wanting to wisely invest 300k into long-term rental properties. We are looking at properties in the 130k range that are.

Get Your Credit in Order. The best refinance terms go to borrowers with prime credit scores, typically 720 and above. You typically need a 660 score or better to refinance a rental home, and you must have a good credit history for at least the previous year, which means no late payments.

Bushra Jawhar and Salem Reahy say the New South Wales housing department ‘dumped’ them in a dilapidated rental home in Sydney.

Refinance Your Investment Property to a Low Rate Today Maximize your return on investment – lower your monthly mortgage payment and increase your rental income.

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 · Marijuana and Rental Properties: What Landlords and Property Managers Should Know. The move to legalize marijuana is gaining ground across the country, with more and more states approving its use.

Many say young people have been priced out of the area by high rent, while others have been. "We’ve satisfied what we had.

But a cash-out refinance rental property loan can put a good portion of the home’s value to work. Home improvements can yield a double-return. They increase the home’s value while justifying higher.

The costs associated with obtaining a mortgage on rental property are amortized (spread out) over the life of the loan. For example, if it cost you $3,000 to refinance your 30-year mortgage, you’d be able to deduct $100 per year for the next 30 years. Other refinance-related expenses not directly related to the mortgage may also be deductible.

If your rental property already has an FHA-backed mortgage, you could be eligible to refinance with minimal paperwork and underwriting, similar to the HARP program. Streamline refinances are offered on investment properties without an appraisal, and the maximum loan amount is set as the lesser of your current outstanding mortgage balance or your original mortgage balance.

I currently have a 30-year-fixed mortgage for a rental property and I am interested in lowering my mortgage payment with either a new loan product, but I’m not sure if it’s worth the refinance.