The actual estate crash of 2006 to 2008 left many homeowners with mortgage balances higher than the value of the houses. From 2010, mortgage rates had dropped to record lows, but it was hard for homeowners with home values significantly less than their mortgage accounts to refinance into a lower rate. Some lenders and government […]
Homeowners enjoy benefits. The bulk of the benefits provide enough incentive to convince taxpayers to change from a typical tax deduction to itemized deductions. Through itemizing deductions, homeowners can save hundreds to thousands of dollars every year. Itemizing enables homeowners to cut significant amounts off of taxable income. This reduces a taxpayer’s tax liability and […]
The Home Loan Guarantee Program, also referred to as Section 184, is a federal mortgage product for households of American Indian source and Alaska Native, and for tribes of Alaska cities or tribally designated areas of housing. The loan is guaranteed to the lending institution by the U.S. Department of Housing and Urban Development in […]
Straight-line amortization is a technique of calculating fixed periodic payments for a mortgage loan and assigning changing amounts for interest and principal payment every interval. Several software packages or internet services can help you to build a straight-line amortization program, or you can develop one on your own using a spreadsheet application or pencil and […]
The good news is that you have discovered your dream apartment in the perfect place. The good thing is that your heart jumped a beat when you were quoted a rent amount. In case the rent on your ideal living area –or perhaps the flat you are currently in–is making you feel the pinch, then […]
Property evaluation is at the core of the real estate business and is essential for investors, brokers and property owners to conduct business. Property appraisers utilize different methods to provide estimates, which vary depending on the purpose of the valuation. Property investors need to have a very clear comprehension of the principles of valuation and […]
A few weeks ago I brought up the topic of sneakers versus no sneakers in the home. I loved reading everyone’s comment on the topic and found that the contrast between different areas of the world really interesting. This month I’m working with a family with three kids. They prefer that the children remove their […]