Sentences with phrase «new mortgage debt»

The bill will allow interest deductions on the first $ 750,000 in new mortgage debt, down from the current limit of $ 1 million; the House had called for slashing it to $ 500,000.

And with a third of U.S. real estate reported to be in negative equity, there's not much room for new mortgage debt here.

There's not a lot of new mortgage debt:

In 2018, Americans will be able to deduct the interest they pay on their mortgages for up to $ 750,000 in new mortgage debt.

Writing our goals down in the plan was the key to my accepting the new mortgage debt without stress.»

The new Mortgage Debt Cancellation Relief Act, signed into law in December, gives temporary tax relief for sellers in a short sale situation.