by maria | Aug 15, 2016 | Exclusive QA |
A home provides many tax benefits, literally from the time you buy to the time you sell. The mortgage interest paid on a home loan up to $750,000 for a primary residence or second home is tax deductible every year, as is the local property tax. Other mortgage...
by maria | Aug 15, 2016 | Exclusive QA |
Yes. The following to-do list can help save you a few headaches and keep the closing on track: -Keep extra money in your account. Something unexpected can pop up during the closing that will require more money out of your pocket. Take your checkbook. Even better, find...
by maria | Aug 15, 2016 | Exclusive QA |
Closing or settlement costs are expenses over and above the price of the property. Both the buyer and seller incur some of these expenses when transferring ownership of a property. Who actually pays, however, often depends on local custom and what the buyer or seller...
by maria | Aug 15, 2016 | Exclusive QA |
A lot depends on the state where the property is located. Some require an attorney; others do not. Most homebuyers can generally handle routine real estate purchase contracts as long as they read the fine print and understand all the terms, but pay close attention to...
by maria | Aug 15, 2016 | Exclusive QA |
A few lenders will negotiate the mortgage rate and number of points on a loan; however, this is more the exception than the rule with established lenders. As always, shop around and know the market before you enter a lender’s office. Rates are often published in...