Buying a home is a major event in our lives, and the excitement can easily overshadow the long-term financial commitment we’re about to make. This is especially true when we’ve found a home that we love. The property taxes, maintenance, and mortgage obligation that we’re committing to, often take a backseat to the excitement of […]
Category Archives: Mortgages
A popular good debt topic is a mortgage, with a focus on the tax deduction associated with mortgage interest. There are many good reasons to buy a house, but being able to deduct mortgage interest shouldn’t be high on the list. We have to remember that mortgage interest for tax purposes is a deduction not a subtraction, and that […]
Buying a home is a major event in our lives, and the excitement can easily overshadow the long-term financial commitment we’re about to make. We tend to view a mortgage much like a car loan and focus on the monthly payment, while overlooking the cost of the loan or total amount of interest that will […]
We often hear that owning a home with a mortgage provides a tax benefit at income tax time since mortgage interest is tax deductible, but there’s a bit more to it. Many people think that the full amount of their mortgage interest paid throughout the year is subtracted from their income taxes, but mortgage interest […]
We often hear about or see articles referring to something called “Good Debt”, and if you’re like me you wonder how any kind of debt could be considered good. Credit card debt, loan debt, household debt, and the national debt get plenty of negative headlines and rightly so, but what might be considered good debt? For […]
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