With all of the expense that can go into buying or selling your home, it's good to be aware of what you can claim and how a home can benefit you come tax time.
4 Facts You Need to Know Before Setting Up a Mortgage Escrow Account
Buying a home involves a variety of nuances and strange-sounding terms, and one of the least understood aspects of the home buying process is the escrow account. Essentially, an escrow account is a third party bank account your lender can require you to pay into in order to cover certain costs related to your home. Your lender uses an escrow account to ensure that property taxes and home insurance fees get paid on time.
Buying for Retirement: 3 Reasons Why You’ll Want to Buy Your Retirement Home Before You Retire
While it may seem like a big time commitment to find a new home while you're still busy with your work there are several significant financial benefits to purchasing your retirement home before you actually do retire. Here are our top reasons why.
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