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Monthly Archives: January 2019

    Is a Home Equity Loan an Option?

    By Carla Higgins | January 29, 2019

    Here’s the scenario: you have a project and need to borrow some money, but you want to do it in the most economic manner. You’ve got a low rate on your existing first mortgage and don’t want to do a cash-out refinance and pay a higher rate. Is a home equity loan an option? Prior … Continue reading Is a Home Equity Loan an Option? → Read More

    Home Inventory

    By Carla Higgins | January 22, 2019

    Generally speaking, when you need an inventory of your personal belongings, it is too late to make one. Sure, you can reconstruct it but undoubtedly, you’ll forget things and that can cost you money when filing your insurance claim. Most homeowner’s policies have a certain amount of coverage for personal items that can be 40-60% … Continue reading Home Inventory → Read More

    Standard or Itemized Deductions

    By Carla Higgins | January 15, 2019

    The Tax Cuts and Jobs Act of 2017 increased the standard deduction to $24,000 for married couples. There will be some instances that homeowners may be better off taking the standard deduction than itemizing their deductions. In the past, homeowners would most likely be better off itemizing but the $10,000 limit of state and local … Continue reading Standard or Itemized Deductions → Read More

    Eliminate FHA Mortgage Insurance

    By Carla Higgins | January 8, 2019

    Mortgage insurance premium can add almost $200 to the payment on a $265,000 FHA mortgage. The decision to get an FHA loan may have been the lower down payment requirement or the lower credit score levels, but now that you have the loan, is it possible to eliminate it? Mortgage Insurance Premium protects lenders in … Continue reading Eliminate FHA Mortgage Insurance → Read More

    Year End Tax Newsletter

    By Carla Higgins | January 1, 2019

    One of the first steps in a good outcome is knowing a little bit about what you’re about to undertake. By being aware of some of the areas regarding homes that may not come up every year in a tax return, you’ll be able to point them out to your tax professional or seek more … Continue reading Year End Tax Newsletter → Read More

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