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“Top 7 Tax Deductions Every Real Estate Investor Should Know About”
Advertisement 3. Property Taxes As a property owner, you likely pay local property taxes—and these are fully deductible as business expenses for investment properties. Deductible Items: Annual property taxes paid to local or state governments Special assessments for improvements that increase property value (note: not all assessments qualify) How It Helps: Since property taxes can…
What Is Mortgage Refinancing and When Does It Actually Save You Money?
4. In what situations might you save money by refinancing? It’s not always the greatest option to refinance. Only under certain conditions can it save you money. Advertisement A. Obtaining a Reduced Interest Rate Over time, even a 0.5% interest rate reduction can result in significant savings. For instance: $300,000 original loan at 6% interest…
Renting vs Buying in 2025: Which Option Makes More Financial Sense?
3. Important Financial Considerations for 2025 Several important financial factors will determine whether purchasing or renting makes more sense for you. Advertisement A. Interest Rates and Home Prices Home prices in 2025 are still high in some places but have stabilized in others. Compared to the ultra-low rates observed in 2020–2021, mortgage interest rates are…
Top 5 Mistakes First-Time Homebuyers Make (And How to Avoid Them)
Advertisement 3. Ignoring the Home Inspection The Error:In an intense market, some purchasers, anxious to buy a house, forego the home inspection to increase the competitiveness of their offer. Why It’s a Problem:You can inherit major issues like: Plumbing damage Foundation troubles A deteriorating roof These can lead to: Thousands in repair costs Lost negotiation…
How Much House Can You Afford? Budgeting for Your First Home
Other Homeownership Expenses One aspect of the situation is your mortgage payment. Other ongoing charges that contribute to monthly home costs include: Property taxes Homeowners insurance PMI (if relevant) HOA dues (if applicable) Utilities (gas, water, electricity, and internet) Regular maintenance and repairs
Best Mortgage Lenders in 2025: Rates, Reviews & What to Look For
3. Top Mortgage Lenders for 2025 (Based on user feedback, service, and rates) Advertisement A. Rocket Mortgage Quick online application procedure Offers VA, FHA, and conventional loans Competitive prices with powerful digital resources Perfect for tech-savvy borrowers looking for a seamless internet transaction B. Better Mortgage No lender fees can help you save at closing…