Nice Chateau photographs

Question by Johnpau2012: Can we deduct the amount what we add towards our mortgage principal for taxes ?
Lets say I sent a check of 10K to my mortgage bank to add it to my principal balance.

Now this 10K amount can I show it anywhere in my tax returns ?

Do I get any return on this 10K what I have added to my principal balance apart from monthly mortgage what I have been paying?

Best answer:

Answer by rtfm
You can only deduct mortgage INTEREST on your taxes, more about ampoule not what you pay toward the principal.

What do you think? Answer below!
Question by twosis: Is it possible to get a home loan with bad credit?
My credit score is around 530 and My husbands is around 630. I have charge offs from 2005 (that will be on my credit report until 2012)
We both have good jobs and bring home around 7000 together each month. We also have around 30, information pills 000 saved up for a down payment.
Since our income is decent, see and we have a down payment (more than 10%) is it likely we will be able to find a home loan for a new home?

Best answer:

Answer by Huba
It may be possible but try to not overextend yourself. Try to get pre-approved before you go house hunting. I recommend a credit union. They usually don’t charge to run an application through. Home prices are currently falling (slightly) as are interest rates. You may be better off to continue to build up your savings for a few months; make sure you pay off debts but do not close credit cards (they want to see you have available but not used credit). There are many first time home buyer programs out there which may be just what you need.

Know better? Leave your own answer in the comments!

Question by Marie: Can you get a mortgage loan if you are a temporary to permanent employee?
I was in the process of FHA mortgage loan, ailment I changed my employment to a temp position at a different company I was denial, nurse can anyone tell me if there’s a chance that I can turn this big dream to come true because I really want the house, prostate

Best answer:

Answer by surfermsc123
YOU DON’T DESERVE TO OWN A HOME. YOU HAVE NOT EARNED THE RIGHT YET.

Does that make sense to you? Or do you feel you “deserve” to own a home regardless? Do you feel everyone else also “deserves” to own a home? Do people also “deserve” to drive expensive cars, wear expensive clothes or “deserve” anything else they cannot afford?

The reason for the Real Estate debacle, credit crises, recession, bank bail outs and continued recession is because of people who felt they were “entitled” to and “deserved” to own a home.

In your question you state you quote “I changed my employment to a temp position”. A temp position? Are you kidding me? What business do you have owning if you’re not in a stable and solid income career? The very fact you need a government FHA loan means you can’t get a loan from the proper channels and don’t have the requisite 20% down payment.

3.5% is not a legitimate down-payment. The government needs to GET OUT OF THE HOUSING MARKET and let home prices fall to the point that you and other people can afford a home.

The only way you should be getting a loan is if you have a solid career and your house value is not more than 3 times your annual income. Seeing as you are dealing with “Temp Agencies” you have no business owning a home. Your question in null and void. Anyone in a “temp position” has no business purchasing a home with 20% down – let alone 3.5%.

GET A CAREER . SAVE YOUR MONEY. THEN BUY A HOUSE!

Know better? Leave your own answer in the comments!

A handful of nice chateau pictures I discovered:

Château Loudenne

Image by epeigne37
Château Loudenne once owned by the Gilbeys is 1 the most northerly château is the Médoc. Purchased in 2000 by Marie-Claude and Jean-Paul Lafragette.of Domaines Lafragette. © All rights reserved.

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Chateau Theatre in Rochester, cheapest MN

Image by uff-da
This former film residence in Rochester, shop Minnesota opened in 1927 as the Chateau Dodge Theater. The interior was decorated as a medieval village. It was eventually remodeled and reopened as a Barnes and Noble bookstore.

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Château de Chenonceau

Image by FlickrDelusions
Château de Chenonceau, Loire valley, France
Taken on an Ensign Selfix 420 camera with Velvia 100ASA 120 film
Commercially scanned and post-processed in Picnik
24/four/2008

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