Individuals are permitted to deduct mortgage interest paid on mortgage debt of up to $1 million. The deduction is available for interest on mortgages for a principal residence and one additional residence. The $1 million limitation represents the combined allowable debt on two residences. Mortg
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09/01/2010
The restoration of the single-family rural housing program that would guarantee home loans for rural buyers was passed by the Senate and signed into law by President Obama. The Rural Housing Service (RHS) was created in 1994 as a result of the Department of Agriculture Reorganization Act to meet
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09/01/2010
