You MUST do this before buying a house: Look into Mortgage Credit Certificates (MCCs) in your area. The MCC is a VERY little known about program that can provide a $2,000 tax credit per year (and in some cases more), every year you have a loan on your house. Each …
Buying a first house is a big step in life, and it is often extremely difficult to reach. I advocate, as do many financial advisers that putting down 20% and getting a 20 year mortgage or less is the best way to buy a home. That isn’t to say it …
In the State of Michigan property taxes are vastly different for primary residences and other properties. Primary residences are exempt from an additional 18 mil school tax. Depending on the other taxes in your local area this typically amounts to anywhere from a 25% to a 50% tax savings. For a …
When Mrs. C. and I first bought our home there were two factors that I loved about the lot it sat on. The house sat on a 1 acre lot, but came with the two lots beside it giving more acreage and a buffer from our neighbors, it also butted …