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millions buy homes, could vanish if President Bush and Congress follow the recommendations of his tax advisory board. The current tax break lets homeowners deduct interest paid during the year on a mortgage up to $1 million and a home equity loan worth up to $100,000. Homeowners also benefit commercial mortgage direct lender breaks that let taxpayers deduct state and local property commercial mortgage direct lender from the federal bill. Sheila Crowley, president of the National Low Income Housing Coalition, said it's time policymakers rethink a housing subsidy for people who don't need it. Clint Stretch, director of tax policy for Deloitte Tax, calculated that housing gets more expensive, for example, for a family carrying a $500,000 mortgage and earning income in the 25 percent tax bracket. commercial mortgage direct lender proposal would take away $4,400 of the tax benefit. Stretch said the shock might be as much psychological as financial. However, the commercial banks will ensure that where financing facilities are extended by them to commercial mortgage direct lender exporters for availing refinance facilities under the Export finance Scheme and their maximum margin does not exceed 1.5 percent p.a. Mac deputy chief economist. “The large share of borrowers who took cash out when refinancing their mortgages combined with the strong overall
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commercial mortgage direct lender

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