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Tax Deductions for Mortgages at Risk

July 23, 2011

In an effort to bring our federal budget under control, one of the issues being reviewed is the tax deduction for mortgage interest.  Initially instituted to encourage home ownership and strengthen the economy, it is a very expensive tax break for the federal government and Congress is reviewing whether it should continue.  I encourage you to stay current on this issue and make your voice heard if this matters to you.  You can read more here: http://www.inman.com/buyers-sellers/columnists/stephenfishman/the-mortgage-interest-tax-deduction-whats-stake-in-budget-t.

Patty Cunningham, Realtor®
Coldwell Banker Preferred
Exton, PA 19341
O.        610.363.6006
C.        610.659.4669
Lic #RS294054

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