FHA advises lenders to inform borrowers that short refinancing will have a negative effect on their credit scores, and that they may wish to consult a tax adviser about the tax
implications of the debt forgiveness involved.
Not exact matches
However, borrowers need to be aware
of the caveats
of federal student loan
forgiveness, including tax
implications, uncertainty about the viability
of forgiveness programs, and the need to take lower - income positions before relying heavily on a
forgiveness program to repay student loan
debt.
However, borrowers need to be aware
of the caveats
of federal student loan
forgiveness, including tax
implications, uncertainty about the viability
of forgiveness programs, and the need to take lower - income positions before relying heavily on a
forgiveness program to repay student loan
debt.
As if distressed homeowners didn't have enough to worry about, with the pending foreclosure
of their homes, they should also be mindful
of the tax
implications associated with the December 31, 2013 expiration
of the Mortgage
Forgiveness Debt Relief Act.