268 Greenleaf Circle, Arnold, MD 21012

Posted on Posted in Real Estate

A Three Bedroom Townhouse With Full Basement for just $240,000! Brightleaf, is a small collection of duplex homes located just off College Pkwy in the Broadneck School District of Arnold, MD between Annapolis and Severna Park, Maryland. Located on a quiet side street, this freshly painted three level home has many upgrades including Siding/Down-spouts/Rain-spouts (2016) […]

Record Your Home Improvements

Posted on Posted in Investments, Real Estate

There is a significant difference in how the money you spend on your home is treated for income tax purposes. Repairs to maintain your home’s condition are not deductible unlike rental property owners who can deduct repairs as an operating expense. On the other hand, capital improvements to a home will increase the basis and […]

Cut Your Housing Costs in Half!

Posted on Posted in Investments, Real Estate

Serious shoppers wait for a 50% off sale to make the decision because of the bargain factor. Renters who are serious about lowering their monthly cost of housing should consider buying with today’s low mortgage rates. For an example, let’s assume a person buys a $200,000 home with 3.5% down payment on a 4.5% FHA […]

Who Saves the Commission?

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One of the most common reasons buyers want to deal directly with the seller is because they feel they can save the commission. It’s a valid consideration but interestingly, it’s the same reason the seller isn’t employing an agent; they feel they can save the commission. Both parties cannot save the commission. The buyer feels […]

What’s the Point?

Posted on Posted in Mortgages, Real Estate

Prepaid interest, sometimes called “points”, is generally tax deductible when a person pays them in connection with buying, building or improving their principal residence. When points are paid on a refinance, they are not a current deduction but have to be taken prorata over the life of the mortgage. For instance, if $3,000 in points […]

How’s Your IQ on QM?

Posted on Posted in Mortgages, Real Estate

The Qualified Mortgage Rule came into effect on January 14, 2014 as one of the results to the Dodd Frank Reform Act to protect consumers from predatory lending practices. This will affect the underwriting standards that the majority of lenders will use to qualify borrowers. The ability to repay rule states that financial information must […]