Buying Incentives 2017 — Home

The most significant change in 2017 was the passage of the in December, which altered long-term homeownership benefits. Mortgage Interest Deduction (MID) :

For loans taken out , homeowners could deduct interest on up to $1 million of mortgage debt. For loans after this date, the limit dropped to $750,000 . home buying incentives 2017

These programs provided low-down-payment options that functioned as primary incentives for entry-level buyers in 2017. The most significant change in 2017 was the

: Prior to the 2017 reform, interest on up to $100,000 of home equity debt was deductible regardless of how the funds were used. the limit dropped to $750