How Big of a Mortgage Can I Afford?
Not only does owning a home give you a haven for yourself and your family, it also makes great financial sense because of the tax benefits — which you can’t take advantage of when paying rent.
The following calculation assumes a 28 percent income tax bracket. If your bracket is higher, your savings will be, too. [...]
Posted at 4:31 am on December 7, 2009 | leave a comment | Filed Under: Buying a Home, Lending and Credit, real estate | read on
Owning A Home Has Its Benefits
Opportunity is knocking for those considering homeownership for the first time. Historically low interest rates, lower home prices in most markets and the first-time homebuyer tax credit – part of the American Recovery and Reinvestment Act of 2009 – brought first-timers to the market in droves during the first half of the year.
In fact, these [...]
Posted at 2:04 pm on November 12, 2009 | leave a comment | Filed Under: Buying a Home, real estate | read on
