Tag: Personal Finance

Posted on 03/28/2021
It Pays to Pay Your Mortgage Twice a Month
Photo by cottonbro from Pexels We all know how hard the beginning of the month can be; it seems like there are a million bills due all at the same time, and one of those bills is usually the most expensive among them all—your mortgage. After you budget for all of your expenses, that gigantic payment can really...
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Posted on 03/21/2021
Step-Up Basis and How It Can Pertain to Real Estate
Image by Steve Buissinne from Pixabay Suppose you’ve inherited your parents’ longtime home. Suppose they paid $100,000 for it, and it’s now worth $300,000. Had they sold it while it was in their possession, they would have avoided paying capital gains tax due to the Taxpayer Relief Act of 1997. Now that it’s yours, has that tax avoidance...
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Posted on 10/20/2019
Mortgage: Is Bigger Better?
When dealing with mortgages, people erroneously believe that the smaller the mortgage taken out, the better for them. This article will clarify the reasons why even as daunting as it sounds, the larger and more prolonged the loan, the better. People who apply for mortgages are those who want to own a house but don't have sufficient cash...
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