The portion of your monthly mortgage payment that goes to the lender as the cost of borrowing, rather than reducing your loan balance. Mortgage interest is typically tax-deductible for homeowners who itemize deductions on their federal income tax return, subject to certain limits. See Adjustable-Rate Mortgage, Fixed-Rate Mortgage, Tax Deduction
Glossary
Mortgage Interest
Your A‑to‑Z Glossary of Financial Terms
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- ACA
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c
- Call Option
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d
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e
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f
- Face Value
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g
- GDP
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h
- Harry Markowitz
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i
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j
- Joint and Survivor
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k
- Key Person Insurance
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l
- Lagging Indicator
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m
- Major Medical Insurance
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n
- Nasdaq
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o
- Obamacare
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p
- Passive Income
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r
- Real Estate
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s
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t
- T-Bills
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u
- U.S. Securities and Exchange Commission
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v
- Value-Added Tax
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w
- Wages
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- Wealth Management Industry
- Whole Life Insurance
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y
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z
- Zero-Coupon Bonds