Is Finishing Your Basement Worth It? How This Change Could Help Sell Your Home!
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You've fantasized about a mancave. Okay, maybe one of you has fantasized about a mancave and maybe one of you has some other ideas like having an in-home workout space, an office or a playroom for the kids. No matter what you need the extra space for, a finished basement can almost always benefit you in the future when you decide to sell your home. Surprised? It's commonly said that putting money into finishing a basement isn't Read more
Get All Your Homeowner Tax Deductions in 2009
Nearly everyone has heard about the new $8,000 tax credit for first-time home buyers. But do you get tax advantages if you’re a homeowner today? Yes, plenty!
You should always consult a professional tax advisor for details, but here's a go-to list of the top tax deductions for homeowners:
Mortgage Interest – Mortgage interest on a home is usually fully tax-deductible. You can deduct interest on multiple mortgages, Read more
Obama’s Stimulus Plan and Your Mortgage
While our newly elected president is busy drumming up public support for the stimulus plan with a town hall meeting in deepest middle America, intense negotiations continue in the Senate and House.
Much of the stimulus talk has focused on bolstering the economy by creating jobs and reviving spending. But how will the stimulus package affect the mortgage industry? Regardless of politics, no one denies that at the center of the financial Read more
Updating Your Home with American-Made Products: Home Decor, Appliances and more made in the USA
In the dead of winter when going outside is… er… undesirable, there's nothing quite so rewarding as really focusing on the inside of your home. Whether you've just moved into a new home, or you're cozying up in your current one, making small changes can make a big impact. Changing sofa slipcovers, accent pillows, or even bringing in a real bamboo plant to the guest bathroom.
But in today's economy, we certainly Read more
Fannie Mae Could be Your New Landlord
After previously announcing that it wouldn’t kick out any tenants of foreclosed properties through the end of January, Fannie Mae has stepped up efforts with the establishment of its so-called National Real Estate Owned (REO) Rental Policy.
Going forward, those renting a Fannie Mae-owned foreclosed property will be offered new month-to-month leases based on market rents for the area with no security deposits, or Read more
If In Doubt, Raffle Your Home
If you’re falling behind on your mortgage and considering walking away, there’s always the raffle approach.
At least, that’s what one struggling mortgage broker has chosen to do after finding his $6,200 monthly mortgage payment too much to bear.
Tom Walters and his wife decided that instead of selling their home, they’d set up a raffle with a charity in the hopes of selling enough tickets to cover Read more