I am retired and own my own home. I want to buy my ... on Yedda

I am retired and own my own home. I want to buy my ...

I am retired and own my own home. I want to buy my daughter a manufactured home for 50,000.00. Wil this affect me in taxes or will we have a problem when we want to sell or I die. Also is it better for me to refinance to purchase the home or get a second mortgage. I owe 190,000.00 as I refinanced once before. Thank you, Gin

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instaloans

53 answers

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You should just get a second loan, it will not effect your taxes. Even if you will refinance, the taxes stay the same but only your interest can go up or down depending on your current interest rate.

Posted 2 months ago ( permalink )

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Victorj

52 answers

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I think you should get rid of your debts before buying another house. Secondly if you write the house on her name there won't be any problems with the taxes.

Posted 1 month ago ( permalink )

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