U.S. taxpayers have enjoyed specific tax benefits for home ownership since personal income tax was introduced by the 16th amendment in 1913. While these benefits may not be the primary reason that motivates a person to buy a home, they are still tangible and not available to tenants. Continue reading “Tax Benefits of Home Ownership”
Month: April 2017
Save the Cost of Mortgage Insurance
During the banking crisis in the Great Recession, certain types of mortgages were unavailable that are once again being offered. Fortunately, the 80-10-10 mortgage is one of those making a reappearance and it can save borrowers a considerable amount of money. Continue reading “Save the Cost of Mortgage Insurance”
Lower the Rate – Deduct the Interest
Credit card debt in America is back to levels prior to the recession. The average credit card APR is just under 16% according to CreditCards.com Weekly Credit Card Report. Continue reading “Lower the Rate – Deduct the Interest”