Deciding when to buy a house is probably one of the toughest decisions that you will make. For most families, home ownership is probably on top of the family’s wish list and coming close to that reality may bring anxiety. The following are a few of our articles related to home buying that you can use if you are thinking of purchasing your next house! A. Buy A House or … [Read more...] about Guide To Buying Your Home
Home Ownership
Need A Down Payment For Your House? Your City or County May Have Free Money For You
Most bank are requiring you to put in a down payment when buying a home. Gone are those days where you can get zero down payment or borrow second mortgages as your down payment if you are obtaining conventional mortgages. Nowadays, it's either you saved up for it, borrow from your retirement funds (401k, IRA, etc) or qualify for FHA loans, which offers zero to 3.5% down … [Read more...] about Need A Down Payment For Your House? Your City or County May Have Free Money For You
My Sister Just Bought A Newly Built Home: The Good and The Bad
My sister just bought the newly built home three weeks ago. I know that she always wanted to buy a new one so she has flexibility when making customization on the house. So this past weekend, my nieces and nephew stayed in our apartment so that my sister and her husband have some breathing room as they try to shop around looking for furniture for their new home. It's good … [Read more...] about My Sister Just Bought A Newly Built Home: The Good and The Bad
Mortgage Credit Certificate (MCC): Home Buyers Tax Credit
Before the first-time home buyer’s credit program came out, one home buyers tax credit that has been around for quite some time is the mortgage interest credit (MCC). The first-time home buyer’s credit is only good for tax years 2008 to 2010 but it offers a much higher one-time home buyers tax credit worth as much as $8,000 while MCC is ongoing and it is administered … [Read more...] about Mortgage Credit Certificate (MCC): Home Buyers Tax Credit
7 Homeownership Related Tax Credit and Deductions
One of the biggest advantage of home ownership versus renting is that there are a lot of financial benefits including numerous tax breaks available to the homeowners that are not available to renters. Most renters can only claim the standard deduction since they may not have enough expenses to itemize. When you become a homeowner, chances are that your expenses will exceed the … [Read more...] about 7 Homeownership Related Tax Credit and Deductions