The Taxpayer Relief Act of 1997 and its effect on income property values

Article Abstract:

The Taxpayer Relief Act of 1997 promotes changes to the taxes of income property owners in a number of ways. The Act reduces the maximum capital gains rate from 28% to 20%, minimizes the capital gains rate to 18% if the property is held more than five years, and pegs the tax rate on depreciation recaptured at the time of sale at 25%. The potential effects of the Act can be characterized by determining the market value for the current and new law for residential and nonresidential income properties.

Tax Law, Public Finance Activities, Taxation

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The Homeowner's Protection Act of 1998: a brief summary

Article Abstract:

The Homeowners' Protection Act of 1998 features provisions on disclosures and requires termination and cancellation dates for private mortgage insurance. Passed in Jul 1998, the act addressed a number of disclosures. These include annual disclosures, pre-existing mortgage disclosures, initial disclosures, and Lender Paid Mortgage Insurance (PMI) disclosures. It also supports guidelines on when borrowers can cancel PMI.

Home Mortgages

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Should a higher interest rate be paid for a closing cost rebate?

Article Abstract:

Homebuyers considering a bank loan may be offered two different rate mortgages, one being higher in lieu of a closing cost rebate. Two models are included which can be used by mortgagors to decide whether to accept the higher interest rate mortgage.

United States, Purchasing, Finance, House buying, Home buying

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