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Explore Pennymac's Learning Center for tips on mortgage rates, interest rates, home buying, refinancing & real estate. Stay informed to make smarter decisions.

 
Tax Exemptions for Underwater Homeowners

America's mortgage industry is slowly recovering. But, according to real estate site Zillow, 16 million homeowners still owe more than their homes are worth. And, while taxes may not be top of mind for these underwater homeowners, there are some helpful advantages afforded to these borrowers via the Mortgage Forgiveness Debt Relief Act.

March 12, 2013

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Tax Exemptions for Underwater Homeowners
Tax Exemptions for Underwater Homeowners

America's mortgage industry is slowly recovering. But, according to real estate site Zillow, 16 million homeowners still owe more than their homes are worth. And, while taxes may not be top of mind for these underwater homeowners, there are some helpful advantages afforded to these borrowers via the Mortgage Forgiveness Debt Relief Act.

March 12, 2013

Read More

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