What are some things that one should know before becoming a mortgage note buyer?
Before becoming a mortgage note buyer it is important to know
that several types exist. The loan can have a fixed rate and
payment, a fixed rate with adjusting payments or floating interest
rates and payments (FRM, GPM,ARM respectively). It's worth checking
out the interest trends, to see which mortgage is more favorable to
you. For example, a FRM mortgage interest rate might be .125% lower
then another ARM one, but if the trend suggest that interest rates
will fall one might still opt to take out an ARM mortgage note.
Related Q&A：
Well, in this situation, you might still be able to file taxes. Even though you had no income in 2009, the mortgage interest payments could potentially be deductible. But it depends on a bunch of factors, like your overall tax situation and the specific rules and regulations that apply. You might want to consult a tax professional or look into the IRS guidelines. It's not a straightforward yes or no answer, ya know? But it's worth exploring to see if you can get any potential benefits.
