The bank’s or lender’s purpose for making loans is gaining clients who will repay them as a disadvantage they are not worried about tax deductions. This makes good business for the bank or lender, but how are you supposed to know? Most of us who own a home or those who are wanting to buy […]
Category Archives: Homeowner Tips
Does Your House Measure Up?
Buyers, sellers and real estate agents often use square footage as their common demoninator in determining the value of a home. There is no quick method or automated value method that will give you the correct amount. It may seem like a straight forward process, but there are several variances that can lead to inaccurate […]
There is More to Building a Pool than the Enjoyment
Wow, what a summer we are having. The first major stay-at-home event in most of our lifetimes has happened in this country. People are turning to their backyards for family fun and recreation. Building a pool is just one of those fun things that are being built. For people who don’t have a pool, the […]
Main Reasons to Refinance
Refinancing: there are three reasons to refinance. 1. Lowering the cost of your housing, 2. To shorten the term of your mortgage loan and pay it off quicker, or 3. To use the equity in your home for another purpose like paying off credit card debt or home renovations. In today’s market, you can replace […]
Annual Wellness Checkup for Your Home
Owning a home is a responsibility and a privilege. Even if you have owned a home for decades, you may still need help to handle some of its challenges by focusing on the three “M”s of homeownership: maintenance, minimizing expenses, and managing debt and risk. While you may recognize that you need an annual physical, […]
Why Keep Track of Home Improvements?
As a homeowner, you will receive a generous exclusion on the gain of your principal residence. Current rules stipulate $250,000 for single taxpayers and $500,000 for married taxpayers filing jointly. Many people probably consider the gain or profit to be the difference between the purchase price and the sales price. Before calculating your gain, the […]
Advice on Mortgage Forgiveness
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How to be successful with your garage sale
To give you extra space in your home or get rid of unused items, you can have a well-planned garage or yard sale. You might even make some extra money, but you need to give it the same consideration that any business needs to be successful. Start your researching and planning early Promotion is a […]
Financing Home Improvements
Owners can finance improvements on their home by using home improvement loans as a funding source. Home improvement loans do not rely on the home as collateral and are instead personal installment loans. Due to the higher risk to the lender with these types of loans, the interest rate is often much higher than a […]