Which Is Best for You?
Starter home Forever home Definition A home you plan to own for a short period before buying another one The only home you plan to […]
Month: June 2024
What Is Amortization?
Definition and Examples of Amortization Amortization is the way loan payments are applied to certain types of loans. Typically, the monthly payment remains the same, […]
CD Early Withdrawal Penalties
Early Withdrawal Penalties at Major Banks bank One-year CD penalty Five-year CD penalty Ally 60 days of interest 150 days of interest Bank of America […]
How To Finance an Airbnb Business
Hosting a place on Airbnb can be a lucrative undertaking—although financing the initial investment might seem daunting. To help you gain a greater understanding of […]
HELOC Pros and Cons
HELOC Home Equity Loan Secured by your home equity Secured by your home equity Low interest rates Low interest rates Usually variable rate Variable or […]
Power of Attorney Duties After the Principal’s Death
You can’t get a power of attorney to act for someone after they have died, and an existing power of attorney becomes invalid upon the […]
What Is the Fair Housing Act?
Definition and Example of the Fair Housing Act The Fair Housing Act is a law enacted in 1968 and has been updated several times since […]
Is a Reverse Mortgage a Ripoff?
Reverse mortgages are special types of loans that give older homeowners a way to turn their home equity into a source of income they can […]
Alternatives to a Home Equity Loan
A home equity loan, or second mortgage, allows you to withdraw the equity you’ve built up in your home so you can use the cash […]
What Is an Unrecaptured Section 1250 Gain?
Key Takeaways A higher unrecaptured Section 1250 tax rate applies to long-term capital gains for which a taxpayer has previously claimed depreciation. The IRC requires […]