5 Tax Mistakes New Homeowners Make » Mortgage Masters Group

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Planning to move in retirement can be exciting, but tricky to navigate. If you’re looking for a new location, avoid these 5 common real estate mistakes retirees make.

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If you’re just looking to get rich quick by flipping a house, you could end up in the poorhouse. Be sure to avoid these mistakes.

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Home Improvements. Some home improvements add value and make a home easier to sell. Adding a large master bath, spa tub or double sinks in the bathroom are improvements recommended by Bankrate.com, but spending money on a swimming pool is rarely a good investment.

You’ll face many tax situations on your financial journey: You may grapple with tax deductibility of home mortgage interest. money in all three types. 5. It’s never too late. Dad would’ve told me.

Avoiding the top 5 mortgage mistakes When structured properly, a home mortgage can be a tool to help you build net worth. However, when not properly managed, a mortgage can cause excess burden and be a financial and emotional drain.

 · Partial Assessments. If this is the case where you live, your property tax value will be far below the actual value of your house. For instance, until 2010, Adams County, Pennsylvania, based its property tax value at 50 percent of the assessment. Therefore, the property tax value of a home worth $300,000 would be only $150,000.

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