| would spread from $227,000 to $412,000. Mortgages for second calculator cash mortgage refinance and interest paid on home equity loans would not be eligible for the credit. Taxpayers who currently own homes would have five years before they had to use the new credit. During that period of transition, a taxpayer could still take a deduction but the size of the mortgage eligible for a tax break would gradually fall. calculator cash mortgage refinance the end of five years, everyone would be using the proposed credit. Connie Mack, a former Florida senator and chairman of the tax panel, said less than 5 percent of mortgages in calculator cash mortgage refinance nation exceed the proposed cap. ``It is a fair plan. It shares the benefits,'' |  |
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