Mortgage Pre Qual vs Pre Approval-Whats The Difference?, How To Increase Your Mortgage Interest Deduction, Over 8 Million New Home Buyers Coming Very Soon

Mortgage Pre Qual vs Pre Approval-Whats The Difference?

Real Estate Tip:

You can increase your mortgage interest deduction by pre-paying your January mortgage payment in December

Real Estate Insight:

8.3 million first-time homebuyers will enter the mortgage market between 2020 and 2022

How To Know If A Property Has An Oil Tank, Year End Mortgage Write-Off, Appraisal Threshold Requirement Raised

How To Know If A Property Has An Oil Tank

Real Estate Tip:

Close on your mortgage refi before year end and claim points you paid—the IRS allows taxpayers to deduct points for any payments made in the tax year

Real Estate Insight:

The Federal Deposit Insurance Corp., Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve have issued a final rule to raise the threshold from $250,000 to $400,000 for residential real estate transactions that would require an appraisal

Make Observations Not Assumptions, How To Protect Your Gas Furnace Warranty, Single Family Starts Rise

Make Observations Not Assumptions

Real Estate Tip:

Get your gas furnace serviced annually, otherwise the manufacturer may void your warranty

Real Estate Insight:

U.S. new-home construction rose in October as single-family starts registered the strongest pace since the beginning of the year