Cheryl Nightingale - Monarch Realty Group, LLC

Being a homeowner definitely has its advantages, and saving money on your taxes each year just might be at the top of the list. Make sure you're taking advantage of these common tax perks as a homeowner: 1) Mortgage interest One of the most common tax perks, you can deduct mortgage interest for your primary residence, and for a second home as long as you mean certain conditions.  2) Equity loan interest If you have a line of credit or home equity loan, you may be able to deduct some of the interest within IRS limits.  3) Property taxes or real estate taxes State or city property taxes are fully deductible from your income. Your mortgage lender may have required you to set up an escrow account, and in this case, you can only deduct escrow money held for property taxes when the funds are used to pay the property taxes. Keep in mind that if you receive a refund on city or state property taxes, this will reduce your federal deduction. 4) Points On your fee schedule from your lende

If you've been thinking about investing in real estate, getting your finances in order before you start searching for properties in Bourne and scheduling appointments will save you from money headaches in the long run.  Real estate investments could be one of your largest investments, and unless you have cash ready to invest, you'll need a plan for financing and a plan for cash flow in the future. Here's what you need to do before heading out to property shop in Cataumet: 1) Create A Financing Plan If you have strong credit, consistent W-2 income, and a sizeable down payment, traditional financing could be your best option for your first real estate investment since interest rates are typically low and the terms are attractive. Figure out how much you can afford based on your current expenses, and how much cash you'll need to have on hand for renovations and upgrades. Make sure you know where your liquid funds will come from to improve your chances of landing a go