by arnielevine | May 23, 2019 | Finance, Real Estate news
The familiar adage, “It’s not how much you make, but how much you keep” rings truer than ever for taxpayers who are real estate investors facing today’s high tax rates. Fortunately, IRC Section 1031, a provision in the tax code since 1921,...
by arnielevine | Feb 8, 2018 | Current Affairs, Finance, Real Estate news
WHAT HOME SELLERS SHOULD KNOW ABOUT TAX REFORM MOVING EXPENSES Moving expenses are no longer tax deductible, except for members of the Armed Forces. HOME SALES IMPACT “¢Taking into account the impact of tax reform, home sales in California are expected to...
by arnielevine | Feb 8, 2018 | Current Affairs, Finance, Real Estate news
The new limit on deductible mortgage debt is $750,000, down from the previous $1 million. There are certain situations which may allow a home purchase to qualify for the $1 million, even if the home closes after Jan. 1, 2018. Talk to a tax professional to learn more....
by arnielevine | Jul 21, 2017 | Finance, Real Estate news
If you bought a house with a down payment of less than 20 percent, your lender required you to buy mortgage insurance. The same goes if you refinanced with less than 20 percent equity. Private mortgage insurance is expensive, and you can remove it after you have met...
by arnielevine | Feb 24, 2017 | Finance, Real Estate news
Imagine mortgage credit standards as a roadway, connecting lenders with potential borrowers who dream of owning a home. What in the mid-2000s was a wide-open superhighway with few barriers became, after the 2008 housing crash, a one-lane path open only to the most...
by arnielevine | Feb 24, 2017 | Finance, Real Estate news
During late 2016 and early 2017, Fannie Mae and Freddie Mac made some changes to their processes. Since these two organizations back about half of all mortgages in the US, it’s a big deal. Here are someimportant things to know about conforming 2017 mortgages....
