R******d
发帖数: 1305 | 1 Corrected version
我有一个 home mortgage 15 fixed 和一个 equity loan variable rate，
我想重新refinance 一个 15 yrs fixed home mortgage to pay off both home
mortgage and equity loan
问了一个银行说这样要给fannie may 付 cash-out delivery fee，
if your credit is >750, then fee=0.5%*loan amount
另外一个broker, 给的rate低，还是no cost，但是告诉我不用付任何的delivery fee，because paying off the equity is not a cash-out loan
那个说的对的？要是没有extra fee，那我当然选broker了
请高人指教，包子感谢！ |
b*d
发帖数: 9308 | 2 Bottom Line is Broker给的deal应该是比银行好很多。其实你在做的事情是Cash-out
refinance，然后Pay off HELOC。
【在 R******d 的大作中提到】
: Corrected version
: 我有一个 home mortgage 15 fixed 和一个 equity loan variable rate，
: 我想重新refinance 一个 15 yrs fixed home mortgage to pay off both home
: mortgage and equity loan
: 问了一个银行说这样要给fannie may 付 cash-out delivery fee，
: if your credit is >750, then fee=0.5%*loan amount
: 另外一个broker, 给的rate低，还是no cost，但是告诉我不用付任何的delivery fee，because paying off the equity is not a cash-out loan
: 那个说的对的？要是没有extra fee，那我当然选broker了
: 请高人指教，包子感谢！
|
R******d
发帖数: 1305 | 3 谢谢，对，bank就是向您那样说的，说要收税，about $2000
但是broker不那么说，那到底是用不用交那个钱呢？
out
【在 b*d 的大作中提到】
: Bottom Line is Broker给的deal应该是比银行好很多。其实你在做的事情是Cash-out
: refinance，然后Pay off HELOC。
|
r******e
发帖数: 289 | 4 this is really a tax question. i do not think you need to pay tax from the
best of my knowledge.
typically, the tax effect associated with the real estate is capital gain.
that means you get income from your long-term investment. as regards to a
cash out loan , you still need to pay back the principle plus interest. this
is not any type of income,so I do not see why you need to pay tax. actually
you should be able to deduct the interest payment from your income tax. you
should ask the bank to gi
【在 R******d 的大作中提到】
: 谢谢，对，bank就是向您那样说的，说要收税，about $2000
: 但是broker不那么说，那到底是用不用交那个钱呢？
:
: out
|
h**********g
发帖数: 254 | 5 你的答案错的太离谱了。这里是record tax，不是 capital gain。
this
actually
you
stick
【在 r******e 的大作中提到】
: this is really a tax question. i do not think you need to pay tax from the
: best of my knowledge.
: typically, the tax effect associated with the real estate is capital gain.
: that means you get income from your long-term investment. as regards to a
: cash out loan , you still need to pay back the principle plus interest. this
: is not any type of income,so I do not see why you need to pay tax. actually
: you should be able to deduct the interest payment from your income tax. you
: should ask the bank to gi
|
R******d
发帖数: 1305 | 6 那您的意思是说我们要交这个penalty了 because we are refinancing a mortgage to
pay off the equity loan？Thanks!
【在 h**********g 的大作中提到】
: 你的答案错的太离谱了。这里是record tax，不是 capital gain。
:
: this
: actually
: you
: stick
|
r******e
发帖数: 289 | 7 Can you elaborate more? thanks!
【在 h**********g 的大作中提到】
: 你的答案错的太离谱了。这里是record tax，不是 capital gain。
:
: this
: actually
: you
: stick
|
r******e
发帖数: 289 | 8 thank you for baozis. hope my thoughts do not mislead you.
【在 R******d 的大作中提到】
: 那您的意思是说我们要交这个penalty了 because we are refinancing a mortgage to
: pay off the equity loan？Thanks!
|
