Real Estate

Become a Real Estate Investor

Real estate is a great investment option. One could buy a house, work on it or rent it out, and watch their initial investment double. Real estate can be quite valuable, especially if people buy the right kinds of places. With careful thought given to property types and funding options, a person can really score big with real estate investing. …

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How Fast Can I Pay Off My Mortgage

how fast can I pay off my mortgage

There comes a time when most homeowners ask themselves, “how fast can I pay off my mortgage?” ¬†Technically, we can pay it off early, but should we? Now, I don’t have enough cash sitting in savings to pay it off with one fell swoop, but we could make a sizable dent and finish it off in the next five years …

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Reasons to Appeal Property Tax Assessment

reasons to appeal property tax assessment

Property taxes are one of the principal means that cities and municipalities use to raise revenue. ¬†They are determined based on the government’s assessed value of your property, but there are reasons to appeal property tax assessment. Property taxes are generally based on two things: the value of the property itself, and the local rate of taxation. Both of these …

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Mortgage Escrow Account Rules Every Home Owners Should Know

mortgage escrow account rules

If you are in the market for a home loan or a mortgage, it is important to understand mortgage escrow account rules. Many lending institutions require their borrowers to maintain escrows on mortgages, and even those who don’t require it often encourage it. This is because a mortgage escrow reduces the company’s chance of losing their investment in your home …

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Is Withdrawal from Roth IRA for Home Purchase a Smart Strategy?

withdrawal from roth ira for home purchase

IRS regulations offer a break to first-time home buyers by allowing withdrawal from Roth IRA for home purchase. Typically, income earned in a Roth IRA can only be withdrawn tax free after the account holder has passed the age of 59 1/2. Non-qualified distributions before that age are charged a 10% withdrawal penalty to discourage investors from withdrawing money outside …

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