Slowing down escrow; tips?

[scaredyclassic]

Seems like there are tax advantages to closing after the first of the year; I can’t itemize this year and would lose many deductions if I closed this year. How do you delay the process to push it out a few months? Verious excuses or strategies appreciated.

[joec]

No idea on how to slow it down, but you may not want to pay points on your loan if you can’t deduct the whole point on your taxes this year (even though I believe you can deduct it over the life of the loan as well).

It’s fun in turbo tax to start adding all these deductions and seeing your tax bill drop like a rock.

This is not tax advice, please consult your own tax adviser for specifics.

[joec]

No idea on how to slow it down, but you may not want to pay points on your loan if you can’t deduct the whole point on your taxes this year (even though I believe you can deduct it over the life of the loan as well).

It’s fun in turbo tax to start adding all these deductions and seeing your tax bill drop like a rock.

This is not tax advice, please consult your own tax adviser for specifics.

[joec]

No idea on how to slow it down, but you may not want to pay points on your loan if you can’t deduct the whole point on your taxes this year (even though I believe you can deduct it over the life of the loan as well).

It’s fun in turbo tax to start adding all these deductions and seeing your tax bill drop like a rock.

This is not tax advice, please consult your own tax adviser for specifics.

[joec]

No idea on how to slow it down, but you may not want to pay points on your loan if you can’t deduct the whole point on your taxes this year (even though I believe you can deduct it over the life of the loan as well).

It’s fun in turbo tax to start adding all these deductions and seeing your tax bill drop like a rock.

This is not tax advice, please consult your own tax adviser for specifics.

[joec]

No idea on how to slow it down, but you may not want to pay points on your loan if you can’t deduct the whole point on your taxes this year (even though I believe you can deduct it over the life of the loan as well).

It’s fun in turbo tax to start adding all these deductions and seeing your tax bill drop like a rock.

This is not tax advice, please consult your own tax adviser for specifics.

[AK]

If you don’t close you won’t get those deductions next year either 🙂

[AK]

If you don’t close you won’t get those deductions next year either 🙂

[AK]

If you don’t close you won’t get those deductions next year either 🙂

[AK]

If you don’t close you won’t get those deductions next year either 🙂

[AK]

If you don’t close you won’t get those deductions next year either 🙂

[NotCranky]

Scaredy,
The original post sounds like you don’t care to hold yourself to a very high standard.

[NotCranky]

Scaredy,
The original post sounds like you don’t care to hold yourself to a very high standard.

[NotCranky]

Scaredy,
The original post sounds like you don’t care to hold yourself to a very high standard.

[NotCranky]

Scaredy,
The original post sounds like you don’t care to hold yourself to a very high standard.

[Author]

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