The deadline for challenging your property tax assessment this year may be later than normal due to the stay at home orders, but when you are notified, you'll want to be ready to see whether you can save some money on property taxes.
A well-planned garage or yard sale can give you extra space in your home, get rid of unused items, and make some money, but it needs some of the same considerations that any business needs to be successful.
How much should you put down on a house? Putting down the least amount of down payment is an attractive option when you're thinking about buying a home. A common reason to put down less is to have cash available for furnishing the new house and unexpected expenses.
Some people don't need a reason to buy a home; they just want to. That can be enough justification by itself. Other people need some solid logic before they're ready to commit. The following reasons are worth considering.
Approximately 52 million or 16% of Americans are age 65 and over. It is easy to understand that some of them are thinking of downsizing their home because they don't need the same space they did in the past.
Looking for an investment that will turn $10,000 into $80,000 in seven years? Sound too good to be true? What if I told you that you could live in it every day during those seven years? Would that sound even better?
The mortgage interest paid on your principal residence is deductible today just as it was in 1913 when the 16th amendment allowed personal income tax. The 2017 Tax Cut and Jobs Act reduced the maximum amount of acquisition debt from $1,000,000 to $750,000.
Before looking for a home, you need to know how much you can afford. While you may have a number in your head, the lender has the final say. Securing a pre-approval from a lender helps make the home buying process easier and avoid unexpected delays.
Maybe you're not ready to move into it but that doesn't mean that you shouldn't take advantage of the present opportunities to acquire the home you want to live in during retirement.
