Since most people finance their home purchases, buying a home usually involves applying for a mortgage. Here is some basic information to help guide you through the process. MORTGAGE PREQUALIFICATION VS. PREAPPROVAL Before applying for a mortgage, you’ll want to shop around and compare the mortgage rates and terms that various lenders offer. When you […]
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Tax Benefits of Home Ownership
In tax lingo, your principal residence is the place where you legally reside. It’s typically the place where you spend most of your time, but several other factors are also relevant in determining your principal residence. Many of the tax benefits associated with home ownership apply mainly to your principal residence — different rules apply […]