Definitions Of Equity Investment
Most of the investing in the US is done in the stock market and these investments are usually associated with equity investments. Even if a person does not invest directly into equity and keeps the money in the bank, then too the person is directly involved in equity investment via the bank. So, what is equity investment?
This investment is a long term investment in stocks where the profits are given in the form of dividends and capital gains that get accumulated for a particular stock. More...
Can You Deduct Closing Costs On Your Taxes ?
If you have taken a mortgage to purchase a home, you can avail a lot of benefits where your taxes are concerned. While many people know that they can deduct interest and taxes levied on real estate from their income tax, many are not aware that certain closing costs can also be deducted from their taxes.
However, it is important to note that not all closing costs can be deducted from the taxes and hence, a person should know which costs can be used. More...
Calculate Mortgage Payment With Escrow
If you are looking to calculate mortgage payment with escrow, you should first understand that a mortgage is composed of 4 components, namely principal, interest, taxes and insurance. These components are also referred to as PITI.
Principal is the amount that a lender lends and this amount has to be repaid. The interest is the cost that is charged for taking the principal from the lender. The tax is the amount that a person has to pay on the property to the local government; More...
Capital Gaines On Selling Your Home
With the passage of time the tax laws have rapidly changed with respect to the sale of your home. The present law says that if a home that you have bought is owned by you and if you have stayed in that home for 2 to5 years then you would not be asked to pay any capital gains that you earn after selling the home.
The rate decided for this are up to $500,000 profit for married couples filing jointly, or $250,000 profit for an individual. There are no limits in buying or selling a home after every 2 years with the similar exclusion. More...
How Do I Do My Own Home Inspection ?
If you are planning to purchase a house, it is very important to get it inspected so, that in future you don’t repent on the investment made by you. If possible, it is always better to get the home inspected by yourself. A detail inspection by you will provide you lot of satisfaction. When doing a self inspection your focus should be more on the areas that require repair or replacement.
You must see the roof and the gutter before making an entry to the home. Ensure that the top most point of the roof is in proper level and that none of its parts are hanging. There should not be any broken edges or holes in the roof. Gutters must be strongly fixed to the house directing the rain away from the buildings foundation.More...