If you’ve decided to sell your home, you have some closing costs to consider. You don’t get to walk away with the full amount of the sales price. You’ll have fees you have to pay to the county and realtor. You may also have some tax liability, although it’s rare.Compare Offers from Several Mortgage Lenders. Do you Pay Taxes? The IRS allows an exclusion on the capital … [Read more...] about Are There Taxes When you Sell a Home?
Buying a home requires a lot of patience and research. How do you know if the seller is asking a fair price for the home? Before you buy it, you should know what affects the market value of a home as well as how you can find out about how much the home may be worth.Looking for Current Mortgage Interest Rates? Click Here. The Most Recent Sales The most recent sales in the … [Read more...] about What Affects the Market Value of Your Home?
You own a home jointly with another person and now you want out of it. You can’t just walk away and wash your hands of the obligation, though. You are legally obligated to the debt until it’s paid in full. If you want out sooner, you’ll have to take these important steps.Compare Offers from Several Mortgage Lenders. Discuss the Desire to Get Out With Your Partner You … [Read more...] about How Can You Get Out of a Joint Mortgage?
Private Mortgage Insurance is important to homebuyers because it helps them afford homes with less than 20% down on the home. Because the premiums can get costly, it can get overwhelming. You know that you can write off the interest you pay on your mortgage, but what about the PMI?Compare Offers from Several Mortgage Lenders. Deducting PMI Up until recently, homeowners … [Read more...] about Can PMI insurance Payments be Deducted on Taxes?
You took out a 30-year loan because it seemed like a good idea at the time. You wanted to keep your monthly payments as small as possible. That’s what many new homeowners do, especially if they’ve never had a mortgage before.Get Matched with a Lender, Click Here.Now that you are established in the home and have a grasp on your financial future, you want to know how you … [Read more...] about How to Pay Off Your 30-Year Mortgage Faster