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Mortgage Deduction at Risk With Tax Reform Plan

By Liz Dominguez

The mortgage interest rate deduction has always been a selling point for those on the fence between continuing to rent or jumping into homeownership. While not the determining factor, the deduction is an influencing dynamic for buyers and an overall bonus of investing a large sum of their assets. The Republican tax reform plan could restrict the way this deduction is applied, rendering it irrelevant to 95 percent of the U.S. homeowner population. 

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