June 2019

Found 4 blog entries for June 2019.

How to Understand PMIThere are many terms and words that are used by real estate agents and mortgage brokers when buying a home. One of those terms that is used when getting a mortgage is "PMI". PMI stands for Private Mortgage Insurance, a type of insurance policy a lender takes out in case the borrower defaults on the loan for any reason. There are a few things to note about PMI for those getting ready to buy a home. Keep this guide in mind before settling on a loan.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

A Necessary Cost

PMI is typically required for homebuyers who can't put down at least 20% of a down payment on their home. Because home inflation has risen

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Top 8 Reasons Homeowners Should Invest in Residential Solar PanelsAfter tax credits, homeowners can expect to pay an average of at least $12,000 for a residential solar system. As this can feel like quite a big investment, it helps to know what value residential solar panels bring to the home. Thankfully, these eco-friendly home energy systems offer many excellent benefits, making them well worth the purchase for many households. Homeowners can explore the value of installation solar panels for their home with this informative guide. Here are just some of the benefits to consider.

Energy Savings

When Menlo Park Terrace homeowners have solar panels installed, they can run their households off solar energy for a big portion of the day. If they elect to have storage batteries installed as well, they can run off

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What Will My Taxes Be When Selling a Vacation Home?Selling a vacation home will come with different tax implications than selling a primary home will. Because a second home is defined as a luxury good, the government is far less forgiving about its appreciation. Learn more about how to calculate taxes and the options available to defer those taxes.

For informational purposes only. Always consult with a certified tax expert before proceeding with any real estate transaction.

The Truth About Capital Gains

Capital gains refer to any asset that appreciates over time. Once the owner has determined exactly how much the asset has appreciated, they're then taxed on the profits. Capital gains are more commonly referred to in the stock market rather than the real estate market, but the tax code

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What You Should Know About Taxes When Buying a Vacation HomeBuying a vacation home can be a wonderful time in any homeowner's life, though it is different than buying a home for the first time. It's more than a sign of financial stability, it's an opportunity to live a different lifestyle for a few weeks (or months) of the year. It's a chance to rent out the home and receive a sizable second income from the investment. Before hunting for that perfect property though, it helps to understand the tax implications of a new home, and how finances will be affected before April 15 of next year.

For informational purposes only. Always consult with a certified tax expert before proceeding with any real estate transaction.

Changing News

The tax implications of buying a vacation home largely depend on where

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