Top tips to help first-timers navigate the fast-paced US housing market
(BPT) – The US housing market is picking up pace moving into the peak of the summer home-buying season.
In city after city, home prices are on the rise, up 2.3 percent on average between April 2017 and 2018, according to the RE/MAX April 2018 National Housing Report. And there are fewer houses on the market to choose from, with total housing inventory down by 11.3 percent.
Based on home sales in April 2018, the national supply of inventory was at 2.5 months, making it a strong seller’s market. (A 6-month supply of inventory historically indicates a market that is balanced equally between buyers and sellers.)
What’s fueling the demand? More members of the millennial generation View full post…
Do You Know How to Get Rid of Debt? – 10 Helpful Tips
Do you know anyone who is living a debt free life? Do you want to live without the stress of meeting loan obligations every month? Read on and see how to get rid of debt once and for all.
Debt-free individuals usually share the following ten similar characteristics that enables them to live below their means. There’s nothing here that is so highly technical that prevents anyone else from copying.
- Start paying attention to details – As an example, if you don’t review your monthly credit card statement closely, there may be charges on there that shouldn’t be. Debt free individuals monitor their personal finances very carefully.
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Having tax regrets? Here are 5 ways to pay less and save more on your taxes
(BPT) – Most of us know the feeling: Tax season can be a frustrating and stressful time. You have to gather lots of documents, remember all the changes in your life over the past year that might affect your return, and file the required paperwork before tax day rolls around. It’s worth it though to save more on your taxes.
And while you do all of that, there’s always that nagging feeling: Did you take advantage of all the deductions and credits the IRS has to offer? Is there more you can do to prevent taxes from eroding the value of your investment portfolio and eating away at your income? Are you prepared for the changes that are coming due to the new tax law?
Like thousands of others, you might be experiencing a “tax hangover,” that sense of regret that you overlooked some fine detail, that you could have paid less and ended up with more money in your pocket.
The truth is: Your taxes shouldn’t be top of mind just once a year. Tax planning is an important part of overall financial planning, and there are things you can do now to avoid having another exhausting experience next year.
The best place to start is to set up a meeting with a financial planner who can work with you to optimize your taxes and better integrate them into your financial plan.
“Figuring out the best approach to your taxes can be challenging, and the new tax law won’t View full post…
How You Can Protect Yourself Financially on a Home Mortgage Loan
Many years ago, when looking for a home mortgage, it wasn’t a difficult task. You found the home that you liked, your realtor sent you into the bank or savings and loan association that they used, and you completed the application.
A few weeks later, the lender contacted you saying you were approved and quoted you their loan terms. This too was rather cut and dry – loan amount, interest rate, monthly payment, and the number of years. A settlement was done about a month later, and that was it.
Fast forward many years to today’s market. Wow, what a change. Instead of a small number of mortgage lenders, now there are thousands – some good and some not so good. Some of the terminology used today almost requires the borrower to be a finance person or one having a legal background.
When shopping for a home mortgage today, you must protect View full post…