If you are planning to buy a new home, one of the first steps is to get pre-qualified with a local lender. However, how much can you really afford? The answer may not necessarily be what the lender is willing to approve you for. Though the level of approval is a good guideline, you will […]
Archive | February, 2014
Mortgage Debt Forgiveness Act Expiration: Tax Implications for Homeowners
In 2007, Congress enacted the Mortgage Debt Forgiveness Act to help homeowners affected by the housing crisis. This law remained in effect until the end of 2013. Though some in Congress have tried to extend the law, the prospects of this happening with a divided government during an election year remain unclear. If you are […]
Important Insurance Considerations for Your Home Remodeling Project
Many homeowners make a New Year’s resolution to do some home remodeling perhaps adding a new bedroom or finishing the basement to make it livable. These are good ideas that can help homeowners accommodate their needs without having to incur the cost of moving to a bigger house and leaving their neighborhood. When undertaking a […]