Recently, the Biden Administration unveiled a plan to help low-income and first-time homebuyers save an average of $800 per year on mortgage insurance costs. The plan is an attempt to help make housing more affordable as higher mortgage rates and skyrocketing home prices have pushed homeownership out of reach for many potential buyers. The plan […]
Tag Archives: first time home buyer
How to Deduct Real Estate Taxes on Your Federal Tax Return
15
Sep
Owning a home comes with a ton of benefits and one of those is your ability to deduct real estate taxes on your federal tax return. The savings may not stop there, in many cases you can also deduct the taxes paid on certain personal property types such as boats, cars or recreational vehicles. We […]
Are drastic property increases bad for homeowners?
12
Jul
If you purchased a home in the last few years, or have been a homeowner for decades, in the last few years you have probably seen your home value shoot up dramatically. According to a report from the National Association of Realtors, home prices across the nation have increased a whopping 30%. This has pushed […]