Payroll Tax Cut: Updated

Real Estate Broker/Owner

Payroll Tax Cut Extension, UPDATE:

                I wrote about why you should care about the impending payroll tax cut extension legislation coming down the pike a couple weeks ago, refresh your memory here.  The payroll tax cut extension has passed and guess what, if you own a home then you may be helping pay for the “cost” of the tax cut extension.  Guarantee fees, or G-Fees, will increase no later than April 1’st of 2012 according to this article by National Mortgage News.  Another part of the law requires FHFA to review the g-fee hike and make sure that it’s sufficient, meaning that they may raise it even more.  Congratulations homeowner’s, you’ve been taxed again, but it’s not being called a tax, it’s a fee hike.  This is why it’s so important to shop for the loan program that meets your particular needs.  Contact me today for a free, no obligation mortgage review. 

Posted by

Jesse Gonzalez, Broker



Comments (1)

Bud & Beth McKinney
Cary/Raleigh/Apex NC - The Team That Cares, RE/MAX United

Yippee -- how do we explain this to the ON THE FENCE buyers.   They are going to love it.

Dec 29, 2011 08:22 AM