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Frequently Asked Questions (FAQs)

What are the tax advantages to owning a home?

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If you have an interest only loan you can write off all of your loan payments. If you have a principle and interest loan, you can write off the interest portion of your payment. You can also write off all of the property taxes you pay. You may also write off any interest and tax payments made on one additional piece of real estate (up to four units).

- How do I find out what my credit score is?

- Why don’t you offer a specific interest rate?

- Why is Parklor the best source for my loan?

- What other factors will affect me when qualifying for a loan?

- What is a pre-payment penalty?

- What are the tax advantages to owning a home?

- What is P & I?

- What is “sub prime” lending?

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