Letters to the Editor

December 4, 2013

Mortgage fee an unfair tax

Did you know that Kansas is one of only nine states that impose a fee, which Kansas courts have declared a tax, on purchasers of real estate when they take out a loan to finance that purchase? A person who has cash to purchase a home or land isn’t required to pay the tax. Additionally, borrowers who utilize government-sponsored lenders, such as Farm Credit, are not subjected to the mortgage registration tax.

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