How do tax deferred mortgages work?

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How do tax deferred mortgages work?

I want to refinance my house to lower my monthly payments. I have heard that tax deferred loans can help do that. How do they work? What is the downside?

2006-11-28 02:12:18 · 1 answers · asked by Christopher B 6 in Business & Finance ➔ Renting & Real Estate

Woops - I meant INTEREST deferred loans. I have taxes on the brains!

2006-11-28 02:24:29 · update #1

1 answers

Not sure what you are talking about. A loan is not a taxable event. There are tax deferred exchanges (I won't bore you with the exact tax code) however this has to do with exchanging similar properties. Please do more research before refinancing your home and find a reputable mortgage broker to work with. Ask lots of questions.

2006-11-28 02:16:26 · answer #1 · answered by Bean counter 3 · 0⤊ 0⤋