Our mortgage broker is encouraging us to wait for the interest rates to fall again despite the fact that they have increased steadily for the past three weeks. Is there a monetary incentive for him to lock us in higher? We are paying 1 point for a better rate.
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I have an offset, overpay already. Thinking about a foreign mortgage, say American which have lower interest rates, but unsure on exchange rates, and how to apply.
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I work in US, but my family is in Canada, and we bought house in Canada (no house in US). Wonder whether the mortgage interest paid in 2008 is tax deductible. Thanks.
Sorry, I forgot to mention the question is about the deduction in US income tax return.
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