Some borrowers who itemize their tax deductions don't want to repay their mortgage because it entails the loss of a deduction. (rismedia.com)
Lenders perform special math for bonus income; give credit for certain itemized tax deductions; and apply specific guidelines to part - time work. (themortgagereports.com)
Some of the most common itemized tax deductions include, but are not limited to medical expenses, charitable contributions, state and local taxes, foreign taxes, mortgage interest deductions, mortgage points, health insurance if you are self employed, and losses related to natural disasters. (inc.com)