Payday loan trap; Would i have to refinance the home i inherited in texasu like to ask?

Payday loans may seem like an easy way to fast cash, but for many who cannot afford the high interest, these short-term loans are the fastest route to bankruptcy. source form MoneyTrack:video.msn.com view amass video&article about loans http
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Question by sharon: Would i have to refinance the home i inherited in texasu like to ask?
I inherited a home in texas with a mortage on it. All properties were through the trust. I have 1% interest as part owner. Would i have to refinance this home.

Best answer:

Answer by Outsider
Never refinance unless you absolutely need to. Most people who do, come close to loosing their homes.

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Small Business Ideas for 2012; Can I claim Income Tax for home loan which(flat) is under construction?

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Question by : Can I claim Income Tax for home loan which(flat) is under construction?
Can I claim Income Tax for home loan which(flat) is under construction.
Do I need to occupy the house for claiming the Income Tax. What is the criteria for claiming and how much I can claim.

Best answer:

Answer by Himanshu Goyal
As per indian income tax act 1961, you can claim deduction for repayment of home loan(principal amount) for home which is ready and not under construction. this deduction is available under section 80c upto maximum of rs. 1 lac.
also u can claim interest deduction under section 24 after the completion of house and the interest for the period of construction can be claimed after construction in 5 years.

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