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And other questions you should ask before buying a home! By Kevin M Many articles have been written on the buy-verses-rent question, but most of the analysis tends to center on the dollars and cents side of the question. We read about tax advantages, investment potential, home buyer tax credits, income ratios—all important considerations, but all [...] STRATEGY #9 TO SURVIVE A DOWN ECONOMY By Kevin M In the best of times, borrowing seems to be a sensible way to get the things we want but can’t afford to purchase in full right now, but we’re sure we can tackle later with a predictably increasing income stream. But when economic fortunes shift into low [...] PART TWO—REFINANCING YOUR CURRENT MORTGAGE AND CONCLUDING THOUGHTS By Kevin M Yesterday, in Part One of this series, we took a look at the largely hidden costs of purchasing a new home. Today we’ll take a similar look at the hidden costs of refinancing your current home to determine if doing so is truly in your [...] PART ONE—BUYING A NEW HOME By Kevin M In response to the mortgage meltdown/real estate slump of the past two to three years, the U.S. government has intervened with the take over of FNMA and FHLMC to insure the free flow of mortgage money, interest rates are being held down to the 5% level and an $8000 [...] |
 
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Tax Benefits of Homeownership – Three Reasons Its Over-rated
By Kevin M
One of the most compelling reasons for owning a home is the heavily touted tax benefit owing to deductions for mortgage interest and property taxes. Real estate agents will play this benefit for all it’s worth in extolling the idea of homeownership for all.
However for three reasons, this benefit is not what it [...]