Category Archives: Mortgage

Maximize Home Mortgage Interest Deductions

Before the TCJA, taxpayers could deduct interest paid on up to $1 million ($500,000 if married filing separately) of home acquisition debt (debt used to buy or substantially improve a first or second home). Also, taxpayers could deduct interest paid … Continue reading

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What You Need To Know About Renting Vs. Buying A House

Many people of all ages face this dilemma: you’re ready to move, but can’t decide if you should rent or buy. This isn’t a question that has a one-size-fits-all answer. In fact, the answer varies greatly depending on your finances … Continue reading

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15 Year vs. 30 Year Mortgage

Buying a home is one of the biggest life decisions you will ever make. Equally as important is the mortgage you select when making the purchase. There are many options available to potential buyers, including FHA, VA, Balloon, Conventional, USDA, … Continue reading

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Saving for a House While You Rent

To some, buying a house may seem like nothing but a pipe dream. But with some discipline and budgeting, stashing away enough money for a down-payment is just a matter of time. Here are a few steps to make this … Continue reading

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How to Set a Budget and Stick to It

Between “needs” (mortgage, car repairs, and college tuition) and “wants” (new clothes, entertainment), it isn’t easy to keep your hard-earned cash in your wallet – even when you’re trying to be responsible. Considering that 80% of the average annual household … Continue reading

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How Much Home Can You Comfortably Afford?

Before you take the leap to buy a house, make sure you carefully think through how much home you can comfortably afford. The key word here is “comfortably”. Having a mortgage that weighs you down every month is never a … Continue reading

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