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mortgage interset

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gpier

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Post Posted: Wed Nov 04, 2009 6:24 am    Post subject: mortgage interset
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My tax agent told me it was ok to claim mortgage interest on my mothers house in which i leave and pay make payments to the lender. Now im trying to buy my own home. im have problem getting a loan. Can i do any to fix this problem.
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gmakerley
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Post Posted: Wed Nov 04, 2009 12:34 pm    Post subject:
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my assumption is that you're having trouble because you're trying to be a first time home buyer but your tax returns reflect the interest paid and the lender(s) can't believe you.

i suppose you could fuss at your tax agent, have him/her file amended returns for the years in which you filed those interest deductions. that might get you qualified with a lender.

otherwise, if that won't work, you may be out of luck for having had that benefit for so long. and i must say, i think your tax agent is out of control in telling you to do what you did.

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