Month: February 2023

Some Michigan residents struggle with debt. Whether it involves overspending with credit cards, paying off mortgages or repaying student loans, owing money can impact every area of your life. Your credit can suffer When you are in a long-term debt cycle, it can make...

Under certain circumstances, mortgage lenders in Michigan and around the country could forgive a portion of a home buyer's debt or choose to reduce the principal balance. When this happens, the forgiven mortgage debt is typically considered taxable income to the...