Is Now a Good Time to Refinance Your Mortgage?
Is Now a Good Time To Refinance Your Mortgage or Should You Wait? Mortgage rates have been below 4% since May 2019, many homeowners have already taken advantage of the low rates. But according to a recent Lending Tree survey, as many as 49...
How long do I have to keep important documents and receipts?
HOW LONG DO I HAVE TO KEEP THIS STUFF? Are you looking at all those paper files and feeling like you're being over run and out of room to keep them? Especially if you think you may actually never need those files! How long do you really ...Rent your home tax free
There is a little-known provision in the tax code that allows homeowners to rent their principal residence or second home for up to 14 days a year without having to recognize the income. In this situation, the taxpayer does not deduct the ren...
Homeowner Equity and Wealth Accumulation
Homeowner Equity Is Up On a National level, Homeowner Equity grew in the fourth quarter of 2020 by $1.5 Trillion. Up 16% from 2019 according to CoreLogic a property insights firm. At the same time, Homeowners with negative equity, (mort...
Rethink the Starter Home Strategy
Beginning homeownership with a "starter" home, has long been the traditional strategy for generations. Part of the logic behind starting with a smaller home; it gives you an opportunity to learn what it takes to maintain a house and helps y...
Your Tax Refund Could Open the Door to Homeownership
Open the Door to Owning a Home One of the silver linings to filing your income tax return is discovering Your Tax Refund Could Open the Door to Homeownership. Your refund could literally help you buy a home. If you're one of these fortunat...
Transferring Property Prior to Death
Transferring property prior to death could be an unnecessary expense for the would-be heir. Generally, when property is passed through the direction of a will or even a Trust, the heir will receive what is called a stepped-up cost basis. T...
How Can You Eliminate Private Mortgage Insurance?
Private Mortgage Insurance benefits the lender if a borrower with less than a 20% down payment defaults on their loan. In this article, we explore ways borrowers can Eliminate Private Mortgage Insurance. Most convent...