Tag: Personal Finance

Posted on 04/10/2022
Understanding the relationship between PITI & property taxes
PITI is an acronym for principal, interest, taxes and insurance. In real estate, it's used by lenders to estimate your qualifications for a mortgage. One of the key variables in the formula is property taxes, which vary by location and individual home. But how do property taxes affect your PITI ratio? Here is a basic explanation to help:...
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Posted on 10/20/2019
Tax Credits For Home Buyers
Buying a home requires a lump sum of money for the first-time buyer; this is why most first-time home buyers ask to get a tax credit. To help a first-time homebuyer achieve the dream of owning a home, some options are available to ease the financial strain. There are grants by the federal and state government, and there...
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Posted on 07/28/2019
Will Moving Affect Your Taxes?
Moving to a new home is all about change, from the change of an environment to the change of the interior design. But one of the lesser-known differences is that the moving process affects your taxes. If you move to your new home, you might be able to deduct the expenses of the move on your federal tax...
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