We may earn a small commission from affiliate links and paid advertisements. Terms
Did anyone bother to read my post at all. Applied for a loan of $140k, My interest rate is 5.25% also, The mortgage comapny which was a bank paid all closing cost. They paid all lawyers fees/title insurance etc.... , and to note I live in the same state as 2000Si
something else to note
mortgage interest on 82.5K at 7% is only gonna be 5748.46 during the first year if you have the mortgage for a full 12 months
standard deduction for 2006 tax year = 5150
2007 will be increased
so you more than likely will not get to claim mortgage interest your first year unless you can pad your itemized