Taking A Lot of Tax Deductions Can Ruin A Mortgage

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Taking a lot of tax deductions can ruin a mortgage.  No doubt about it. It happens a lot.  Tax returns are often done very well by tax professionals.  As a result, your documented income is lower than what you actually take home.  That’s great until you decide to buy a house. Your banker tells you one of two things.  Both come as a shock.  You don’t qualify for a mortgage or…