Convincing Advantages with Standard Deduction

Monday, February 5th, 2018

The new tax law doubles the standard deduction and it is estimated that over 90% of taxpayers will elect to use it. However, even without considering tax benefits, homeownership has convincing advantages. Amortized loans apply a specific amount of each payment to the principal amount owed to retire the loan over the term. Some people […]

Lower Your Expenses without PMI

Monday, January 29th, 2018

Mortgage loans for more than 80% loan-to-value typically require private mortgage insurance. Mortgage insurance reimburses the lender if a borrower defaults on a loan. PMI is expensive, and homeowners should be aware of how to remove it when certain conditions have been met. Other methods to eliminate PMI sooner than through normal amortization include the […]

Ready for Retirement

Wednesday, January 24th, 2018

It can be shocking to hear how many people spend more time planning their vacation or next mobile phone purchase than planning for retirement. It is hard to imagine that they are expecting Social Security will take them through their golden years. A person who has paid in the maximum each year to social security can […]

Balancing Risk and Deductibles

Wednesday, January 17th, 2018

The benefit of insurance is to transfer the risk of loss to a company in exchange for a premium. The deductible is an amount the insured pays out of pocket before the insurance starts covering the cost of the loss. The challenge is to balance the risk an insured can accept with the premium being […]

Homeowner Tax Changes

Wednesday, January 17th, 2018

The new tax law that was signed into effect at the end of 2017 will affect all taxpayers. Homeowners should familiarize themselves with the areas that could affect them which may require some planning to maximize the benefits. Some of the things that will affect most homeowners are the following: Reduces the limit on deductible […]

Prevent False Home Security Alarms

Friday, January 5th, 2018

Some police departments report as high as 98% of calls are false alarms. Not only is this an incredible waste of police resources that could be available for legitimate emergencies, it annoys neighbors, startles pets and results in expensive false alarm fees. Secure windows and doors – be sure that all windows and doors are […]

Surprise When Renting Your Home

Friday, January 5th, 2018

Planning to go to the Masters next April 2-9th and don’t have a place to stay. Each year, there are homeowners who rent their home for a big premium during the Masters because hotels are in short supply and demand for private homes is up. This situation can particularly benefit homeowners where there are large […]

5 Most Common Reasons for Closing Delays

Monday, December 18th, 2017

Seventy-three percent of home sales closed on time in October, but 25 percent of REALTORS® report a delay in getting to the settlement table, according to the latest REALTORS® Confidence Index, a survey based on responses from more than 3,500 real estate professionals. Only 2 percent say a contract was terminated completely. What are the main […]

Eleventh Hour Gifts Without Shopping

Monday, December 11th, 2017

If you’re beginning to feel the pressure of running out of time to find the perfect gift, here are a few suggestions that may not be on their “list” but will certainly be appreciated. The gift of affection with appropriate hugs, kisses and pats on the back can demonstrate your love for family and friends […]

Don’t Pat Yourself on the Back Just Yet

Monday, December 4th, 2017

You’ve got $500,000 in liquid assets for your retirement and you’re still 15 years away. All your bills are paid; you have a small mortgage on your home; cars are paid for and great credit. Don’t break your arm patting yourself on the back yet. To retire with $125,000 income in today’s dollars with a […]