Don’t Make These Mortgage Refinancing Mistakes
With 30-year fixed rate mortgages approaching historical lows of 3%, you may be thinking about refinancing an existing mortgage. But you better read the fine print before signing on the dotted line to avoid paying too much money. Here are some common mistakes homeowners make when refinancing their mortgage. Not shopping around. When looking to refinance…
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The Pros and Cons of Renting Versus Buying
For many folks, the lyrics of a 1960s rock song summarize the American dream: “Our house is a very, very, very fine house.” According to U.S. Census figures, about two-thirds of American families are homeowners. But buying a house or condo may not be the best choice for every family in every situation. Renting offers the following…
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3 reasons to consider a living trust
Everyone should have legal instructions to leave behind in the event of their death. For most people that means having a will, but some people should consider having a living trust. A will is a piece of paper that tells a court what to do with your assets, while a living trust is a legal…
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Reduce your property taxes
With the passage of the Tax Cuts and Jobs Act, deductions of state, local and property taxes are not worth as much as they used to be. Beginning in 2018, taxpayers are limited to a total of $10,000 in combined state income, sales and property taxes as an itemized deduction. One way you can try…
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