First-time home buyers can secure a federal income tax credit of up to $8,000 and existing homeowners can claim a tax credit of up to $6,500 if they enter into a binding sales contract to purchase a home by April 30, 2010, and complete the closing by June 30, 2010....
The National Association of Exclusive Buyer Agents (NAEBA) expresses support for legislation recently introduced by Representative Eliot Engel (D-NY17) that would amend the Internal Revenue Code of 1986 eliminating the so called "marriage penalty" from the Home Buyer...
Electronic filing takes some of the stress out of tax day, but this year homeowners may be surprised to learn that if they are claiming the Home Buyer Tax Credit e-filing is not an option. Home buying experts, The National Association of Exclusive Buyer Agents (NAEBA)...
You can buy a home with as little as 3% down, but there is a catch! When you finance your home purchase with less than 20% down, you will be required to carry mortgage insurance. The mortgage insurance protects the lender from financial losses if you default on the...
Home ownership can provide significant tax breaks, when you have eligible deductions and itemize your income tax return. We've put together a list of 6 income tax deductions that apply to home ownership, with tips from the Motley Fool and the IRS! Please keep in mind...
When buying a home, you typically acquire its appliances and mechanical systems. As long as everything is in working order when you move in, you might assume there is nothing to worry about. Unfortunately, the lifespan of your home components could be shorter than you...
With mortgage rates expected to rise over the upcoming months, home buyers will be hearing more about “points” when applying for a loan. Points are also likely to appear alongside of eye-catching interest rate advertisements. Points are essentially pre-paid interest....
You might assume radon is a problem “somewhere else,” but this clear, odorless, tasteless, inert radioactive gas exists in all 50 states. It can exist in any home or building, regardless of the structure's age or location. And because Radon is the second-leading cause...