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Mortgage Prepayment: Is it a Good Investment?
April 19,1999 "At the present time I can afford to double the monthly payment on my 7 5/8% mortgage, which would reduce the length of my loan from 25 to 5 years. However, if I were to deposit the extra payment in my savings account, I would earn 3% interest on it. ... more...

How Much House Should You Buy?
16 August 2004 "My wife and I are arguing about whether to buy the $150,000 house we set out to buy, or the upgraded version for $185,000 that she fell in love with. She argues that we can afford the more expensive house with an ... more...

mortgage tax related definitions

Closing Costs
Closing Costs Expenses incurred by the buyer and seller in a real estate or mortgage transaction. There are two types of costs: recurring and non recurring. Non-recurring costs are one time transactional costs ... more...

Settlement Costs, Closing Costs
Settlement Costs, Closing Costs Expenses incurred by the buyer and seller in a real estate or mortgage transaction. There are two types of costs: recurring and non recurring. Non-recurring costs are one time ... more...

More about mortgage tax

5 Steps to Successful Property Investment
When looking to invest in property its always important to take a structured approach to ensure you get only what you are looking for. Over the years Ive developed the following structure and Ill always stick to it so that I know I have done all the homework necessary to make a sound investment ... more...

Investing in Real Estate for Your Retirement (and Now!)
You've probably heard a lot of opposing information about Investing in Real Estate, which is completely annoying! The straight-forward fact about Real Estate is that it is probably the best and safest investment you'll ever make, especially if you live in it, and that you are far more likely to ... more...

Tax Advantages In A Home Business
Every year, several thousand people develop an interest in "going into business." Many of these people have an idea, a product or a service they hope to promote into an in come producing business which they can operate from their own homes.If you are one of these people, here are some practical ... more...

How to Sell Your Home Without a Real Estate Agent
Considering the rapid rise in home prices over the past several years, home sellers are taking a hard look at the commission they have to pay to a real estate brokerage to market and sell their home. Real estate commissions vary across the country; they average in the four to seven percent range ... more...

Social Insecurity
Just about everything you have been told about Social Security is an obfuscation. That is a big word for convoluted truth or lie.In a recently published obscure government document by the presidential Social Security commission there are two pages that expose the truth. Neither Democrats nor ... more...

Business Ownership, Cash in Your Pocket - Today!
Yesterday we learned that 74% of all wealth is created by people who own their own business. Below are a few facts about owning your own business, specifically a home-based business that you may not be aware of.Fact: The fastest growing segment is home-based businesses.Fact: A new home-based ... more...

Save Money on Medical Expenses
If you are in good health, you may rarely think about the money you spend on doctors and medicine throughout the year. But if you keep track and add it all up, youll notice that you are spending more than you thought. You may be eligible for a tax-favored savings plan to help with paying for ... more...

Skip Trace Test Time
Last time we talked about the steps on how to skip trace an account. Lets expand on that a little more. Get something to take notes with-because there is going to be a test, go ahead Ill wait.Now, lets get started.This is how the test starts. You are given a stack of accounts to work. You have ... more...

Will a 1031 Property Exchange Solve Your Problems?
If your problem is listed below, a 1031 exchange may or may not be your solution.1. Are you a landlord that doesn't want to manage property anymore?2. Do you want to sell your investment property, but don't want to pay huge amounts of Capital Gains Tax?3. Is your current income property not ... more...

Ten Creative Financing Techniques
Do all the creative financing techniques you hear about really work? Yes, actually. They probably have all worked somewhere for someone at least once. The point isn't if they will all work for you. The point is to know what is possible, so you can find your own creative ways to invest in real ... more...


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