Owning a home can pay off at tax time. Take advantage of these homeownership-related tax deductions and strategies to lower your tax bill: Mortgage Interest Deduction One of the neatest deductions itemizing homeowners can take advantage of is the mortgage interest deduction, which you claim on Schedule A. To get the mortgage interest deduction, your mortgage must…
WASHINGTON – April 2, 2015 – A diverse group of housing industry stakeholders participated in a credit access symposium today to discuss how alternative credit scoring models could expand access to mortgage credit for responsible borrowers who may have thin credit histories or extenuating circumstances like medical debts. The event, co-hosted by the National Association…
Home buyers enjoyed another week of low rates as we headed deeper into the spring home-buying season. Freddie Mac reported interest rates largely unchanged from last week, even as pending home sales increased. Buyers are out shopping, yet they still have very few homes to choose from in most markets. That said, for the fortunate…
With spring being the busiest time for real estate, homeowners planning to put their homes on the market shouldn’t wait for flowers to bloom before getting ready to sell. Having a few months to prepare can make for a much smoother selling experience. If you’re a prospective home seller, here are five things you can do…
Timing really is everything, and that couldn’t be truer in today’s housing market! Conditions are favorable, but that may not last for long. Now may be the right time to get back into the market and purchase a new home! Here are 5 reasons why right now is the time to jump on this opportunity…
When choosing where to buy real estate, the purchaser will often hear three words of advice: location, location, location. That credo can really work against you as a home buyer, particularly in today’s market. Homes in the most desirable locations in any city are snapped up within days of going on the market — and…
Florida leads nation in new construction jobs, 2015 job market: more opportunities, better offers, I hope we keep this lead! Palm Beach and Broward counties added almost 5,000 construction jobs in 2014, the Associated General Contractors of America said Wednesday. Employment in the local industry hit a six-year high, said Ken Simonson, chief economist for the…
Is springtime the best time to sell your house in Tallahassee? One thing is for sure –no matter the season– location, condition and price are the key reasons why people buy a home. There’s not much you can do about where you house is located, but you do have total control over the “condition” and…
With tax season in full swing, make sure you take full advantage of all the tax benefits you can. Here’s a few ways homeownership makes “cents” at tax time: Mortgage Interest Deduction – Interest paid can provide a large tax break – especially in the early years of a loan when the amortization schedule is…
WASHINGTON (AP) – Jan. 30, 2015 – Average long-term U.S. mortgage rates rose slightly this week after four straight weeks of declines, while remaining near historically low levels. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage edged up to 3.66 percent from 3.63 percent last week. The new average rate…
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