home equity loans

Short Story: The Truth About Home Equity Loans 2018

The new tax reform law has changed the way of calculating the home equity debt. It’s going to hit many homeowners with these loans and their chance of retrieving deductions for the interest paid in 2017. The concerning matter is that only a tiny portion of the home equity loan borrowers are aware that the new tax code will hurt them. Others are still living in the illusion of reaping the benefits. Read More →

work from home tax mistakes

Don’t Do These Ugly Tax Mistakes When You Work From Home!

Working from home is a growing trend and more and more people are coming to terms with the perks of it. Many small startups have embraced this remote working movement and there are numerous people who like to be freelancers and solopreneurs. While this is nice and gives you more control over your personal and professional life, there’s a time of year when you can make a royal mess of everything – the tax time. Read More →

capital gains tax

Some Tips to Evade Paying Capital Gains Tax

A person is liable to pay capital gains tax when buying or selling personal and investment assets. Many people find this a burden because they, after all, have to pay a bunch of other taxes – property tax, income tax, sales tax, payroll tax, and excise tax. Read More →

home inspection contingency

Home Inspection Contingency: Why It Is So Important?

The home inspection contingency gives the buyer an option to cancel the home buying deal given that the home has a major flaw. The laws about this contingency are different across the United States. Most states treat it as a part of the purchase contract, allowing the buying party to renegotiate or cancel the deal. In some states, a home inspection can be done before the two parties agree to any kind of contract. Read More →

harp mortgage refinance

The ABC of Home Affordable Refinance Program (HARP)

Are you a struggling homeowner? Do you find it hard to keep up despite spending a major share of your income on mortgage payments? The government has a program called Home Affordable Refinance Program (HARP) for homeowners like you who are just steps away from foreclosure. Read More →

ownership title

A Brief Discussion of the Various Real Property Titles

When you purchase a real property such as a piece of land or a house, the title of ownership must be transferred to your name. The concept of the real estate ownership is a bit complicated compared to purchasing other properties. It can take several forms and each type has its own rules regarding the ownership transfer, finance, and improvements. Read More →

couple homebuying

Buying a House Together? Avoid a Financial Heartbreak with These Tips

A couple in love will show their commitment to each other with an engagement ring. But, the trend has changed these days as many couples seal their love for each other with a set of keys to a newly purchased house. Especially, a good number of Millennials consider buying a home together before getting married as a good financial move. Read More →

mortgage payment credit card

Is It Financially Sensible to Pay Mortgage with a Credit Card?

Many people prefer making payments with the credit card. It appears to be easier and simpler. The bills will be paid on time and you will get reward points in return. Considering these points, it seems lucrative to pay the mortgage installments with a credit card. Read More →

earnest money

5 Times When You Won’t Lose the Earnest Money

In real estate transaction, everything you hear and all the promises made are just words until they are put into a written contract. It does not mean anything when you shake hand with the seller and say that you will buy the house. You want confirmation that the seller will keep the house for a certain period so that you can have some time to collect the money? Deposit cold hard cash in an escrow, which is known as earnest money. Read More →

mortgage alert

Don’t Mess up with Your Mortgage: Avoid Doing These 5 Things

Getting the mortgage approval for buying a home is not only stressful but complicated too. The lender does a complete scrutiny of your financial background and asks lots of questions. There is a lot of paperwork to be done in the process too. A lot of things can go wrong during this approval procedure and screw up the deal. Read More →