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NJM has had additional offices in northern New Jersey since the 1950s, but the company's main North Jersey branch has been consolidated in Parsippany since 1996. The southern New Jersey branch opened in Hammonton in 2000. [8] In 2015, American soccer player and long-time NJM policyholder Carli Lloyd was announced as the company's spokesperson. [9]
The origins of the company date back to 1967 when Alan Turtletaub operated mortgage lending firms in New Jersey and Pennsylvania. In 1972, "The Money Store" name was trademarked for advertising purposes to promote the various firms. The company was based in Union, New Jersey.
You might not remember it, but in 2019, Congress reintroduced a federal tax deduction for private mortgage insurance (PMI), that extra monthly fee lenders charge if you make a down payment under ...
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Parsippany–Troy Hills has a large Indian American community, with 8.39% of Parsippany–Troy Hills's residents having identified themselves as being of Indian American ancestry in the 2000 Census, which was the eighth-highest of any municipality in New Jersey, for all places with 1,000 or more residents identifying their ancestry.
Example of mortgage interest deduction. Let’s say that last year, you paid $26,000 in interest on your mortgage, which is about what you would pay if you were paying 2023’s median monthly ...
Because the Tax Cuts and Jobs Act of 2017 increased the standard deduction to a level where far fewer taxpayers itemized their expenses (which is where they deduct mortgage interest), the cost to the federal government of the mortgage interest deduction was decreased by 60%, from approximately $60 billion in 2017 to $25 billion in 2018.
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