[noone]

“So, you’re looking at around $45734 to offset against your salary.”

Just remember that this is a tax deduction, not a tax credit. So multiply by your current tax bracket, e.g. 30% of $45,734 = $13,720. This will vary depending on your filing status, number of dependants, etc..

If you’re not comfortable figuring this out on your own, you probably ought to see a CPA and go over your last few tax returns to get a better estimate. Perhaps even check out Rich’s company, Pacific Capital Associates http://www.pcasd.com/

[noone]

“So, you’re looking at around $45734 to offset against your salary.”

Just remember that this is a tax deduction, not a tax credit. So multiply by your current tax bracket, e.g. 30% of $45,734 = $13,720. This will vary depending on your filing status, number of dependants, etc..

If you’re not comfortable figuring this out on your own, you probably ought to see a CPA and go over your last few tax returns to get a better estimate. Perhaps even check out Rich’s company, Pacific Capital Associates http://www.pcasd.com/

[noone]

“So, you’re looking at around $45734 to offset against your salary.”

Just remember that this is a tax deduction, not a tax credit. So multiply by your current tax bracket, e.g. 30% of $45,734 = $13,720. This will vary depending on your filing status, number of dependants, etc..

If you’re not comfortable figuring this out on your own, you probably ought to see a CPA and go over your last few tax returns to get a better estimate. Perhaps even check out Rich’s company, Pacific Capital Associates http://www.pcasd.com/

[noone]

“So, you’re looking at around $45734 to offset against your salary.”

Just remember that this is a tax deduction, not a tax credit. So multiply by your current tax bracket, e.g. 30% of $45,734 = $13,720. This will vary depending on your filing status, number of dependants, etc..

If you’re not comfortable figuring this out on your own, you probably ought to see a CPA and go over your last few tax returns to get a better estimate. Perhaps even check out Rich’s company, Pacific Capital Associates http://www.pcasd.com/

[noone]

“So, you’re looking at around $45734 to offset against your salary.”

Just remember that this is a tax deduction, not a tax credit. So multiply by your current tax bracket, e.g. 30% of $45,734 = $13,720. This will vary depending on your filing status, number of dependants, etc..

If you’re not comfortable figuring this out on your own, you probably ought to see a CPA and go over your last few tax returns to get a better estimate. Perhaps even check out Rich’s company, Pacific Capital Associates http://www.pcasd.com/

[noone]

Thanks for the heads up FLU, I found the application form on their website. I faxed mine in today (it’s only one page), and was approved in less than 30 minutes!

[noone]

Thanks for the heads up FLU, I found the application form on their website. I faxed mine in today (it’s only one page), and was approved in less than 30 minutes!

[noone]

Thanks for the heads up FLU, I found the application form on their website. I faxed mine in today (it’s only one page), and was approved in less than 30 minutes!

[noone]

Thanks for the heads up FLU, I found the application form on their website. I faxed mine in today (it’s only one page), and was approved in less than 30 minutes!

[noone]

Thanks for the heads up FLU, I found the application form on their website. I faxed mine in today (it’s only one page), and was approved in less than 30 minutes!

[noone]

In discussing the ARMs (as opposed to option ARMs), he gives one sentence to the problem of teaser rates “In cases where lenders were aggressive, initial rates may have been lower than implied above, creating more of a reset problem down the road.” I was under the impression that these teaser rates were the rule rather than the exception. I have nothing to base that on though.

So I guess the questions are, just how many of these ARMs had teaser rates below the normal ARM rate? How low were the teaser rates? How long are the teaser rates in effect? Are the borrowers able to afford the payments at the normal rate (even if it does go down 1-2%)?

[noone]

In discussing the ARMs (as opposed to option ARMs), he gives one sentence to the problem of teaser rates “In cases where lenders were aggressive, initial rates may have been lower than implied above, creating more of a reset problem down the road.” I was under the impression that these teaser rates were the rule rather than the exception. I have nothing to base that on though.

So I guess the questions are, just how many of these ARMs had teaser rates below the normal ARM rate? How low were the teaser rates? How long are the teaser rates in effect? Are the borrowers able to afford the payments at the normal rate (even if it does go down 1-2%)?

[noone]

In discussing the ARMs (as opposed to option ARMs), he gives one sentence to the problem of teaser rates “In cases where lenders were aggressive, initial rates may have been lower than implied above, creating more of a reset problem down the road.” I was under the impression that these teaser rates were the rule rather than the exception. I have nothing to base that on though.

So I guess the questions are, just how many of these ARMs had teaser rates below the normal ARM rate? How low were the teaser rates? How long are the teaser rates in effect? Are the borrowers able to afford the payments at the normal rate (even if it does go down 1-2%)?

[noone]

In discussing the ARMs (as opposed to option ARMs), he gives one sentence to the problem of teaser rates “In cases where lenders were aggressive, initial rates may have been lower than implied above, creating more of a reset problem down the road.” I was under the impression that these teaser rates were the rule rather than the exception. I have nothing to base that on though.

So I guess the questions are, just how many of these ARMs had teaser rates below the normal ARM rate? How low were the teaser rates? How long are the teaser rates in effect? Are the borrowers able to afford the payments at the normal rate (even if it does go down 1-2%)?

[noone]

In discussing the ARMs (as opposed to option ARMs), he gives one sentence to the problem of teaser rates “In cases where lenders were aggressive, initial rates may have been lower than implied above, creating more of a reset problem down the road.” I was under the impression that these teaser rates were the rule rather than the exception. I have nothing to base that on though.

So I guess the questions are, just how many of these ARMs had teaser rates below the normal ARM rate? How low were the teaser rates? How long are the teaser rates in effect? Are the borrowers able to afford the payments at the normal rate (even if it does go down 1-2%)?

[Author]

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