Whether you like looking at homes or not, it’s not always easy to know what to look for.
Mortgage & Home
Everything you need to know about paying off your home early, getting a mortgage and saving money around the house.
If you plan to sell your home this spring, you’re in luck.
Buying a house is likely to be the biggest financial commitment that you will make for your entire life, and while the experience can be both exciting and nerve-wracking, it’s important to get it right in order to avoid excessive extra costs in the future.
You wouldn’t buy a car from someone without asking a few questions, so you definitely shouldn’t purchase a home without some either.
No doubt the reason you would rather buy a house rather than continue to rent is because you want to put down roots.
Fixer-upper homes are sometimes considered risky – but they can be a smart investment under the right market conditions.
Controlling expenses is the key to being able to save money, but hidden costs and misunderstanding monthly charges eat away at household budgets.
Americans struggling with substantial mortgage debt that exceeds the value of their home have several options, including a short sale, foreclosure, or mortgage restructuring. Traditionally, any of these options that results in forgiving or discharging some of the debt on their primary home results in a form 1099-C, Cancellation of Debt, from the lender.
The IRS considers most forms of cancelled debts, including mortgage debt, as income for the recipient. This can mean a tax bill of thousands of dollars, even if you lost the home in foreclosure.
The Mortgage Forgiveness Debt Relief Act of 2007 was passed at the height of the foreclosure crisis, gives homeowners tax relief from this forgiven debt. Here’s what you need to know about the Mortgage Forgiveness Debt Act.