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Paying off your mortgage can provide peace of mind and is a worthy goal but is it the best thing for you to do at this time. ...CONTINUE READING

Homeowners still have considerable advantages from the amortization of the mortgage and the appreciation enjoyed by most homes even with taking the standard deduction instead of itemizing to take the interest and property tax deduction. ...CONTINUE READING

Homeownership is a privilege and a responsibility. Even after decades of owning a home, you may still need some help to handle some of its challenges by focusing on the three "M"s of homeownership: maintenance, minimizing expenses and managing debt and risk. ...CONTINUE READING

It takes a team of professionals to buy a home like the lender, the appraiser, the inspector, the property insurance agent, the title officer, and others but the real estate professional may play the most critical role. ...CONTINUE READING

Homeowners receive a generous exclusion on the gain of their principal residence up to $250,000 for single taxpayers and $500,000 for married taxpayers filing jointly. Most people probably consider the gain or profit in a home to be the difference between the purchase price and the sales price. ...CONTINUE READING

The last two months of the new normal stay at home has led many homeowners to rethink the way they live in their home. It has now become an office for working at home; a school for children; a gym to stay in shape; and a place for recreation. ...CONTINUE READING

The convenience of selling your home without the hassle of getting it ready, putting it on the market, showings, open houses, negotiations and repairs comes at a cost ... a significant part of your equity. ...CONTINUE READING

According to the Mortgage Bankers Association, homeowners seeking payment forbearance has gone from less than 4% to more than 6%. According to financial data firm Black Knight, about 3.5 million home loans in America are already in payment forbearance ...CONTINUE READING

Taking cash out of the equity of your home could be a legitimate way to fund a temporary cash crisis now or to have it on-hand if the need arises. Most homeowners can pull out the difference in 80% of the fair market value of their home and what they currently owe. ...CONTINUE READING

Of course, it is! We haven't experienced a global pandemic in our lifetime. We haven't had an economic shutdown like this before. Uncertainty is understandable and people tend to fear what they don't understand. With all that said, it doesn't mean there are not opportunities for people who can act in this unprecedented environment. ...CONTINUE READING