Why didn’t I get interest subsidy for my soft second mortgage?
by Mortgage Rates on Thursday, September 30th, 2010 | 3 Comments
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never heard of such a thing some I know about have a recapture policy attached to the seconds
You have been SERIOUSLY misinformed. For starters there is no such thing as a ‘soft’ loan. Second, there is no such thing as a government subsidy of interest. You MAY be eligible for a first time home buyer tax credit. If that is the case, you need to talk to whoever prepares your taxes about claiming it.
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