A Financial Plan for Your Home Your home is probably your biggest investment. To manage it, create a financial plan that takes into account repairs, upgrades, mortgages, insurance, and taxes. Use our home financial plan budget worksheet, and start by writing a list of expenses, such as: Mortgage Taxes Home insurance, including liability Repairs and…
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What is it? When you purchase a home in Texas and use it as your primary residence you may fill out Texas Property Tax Form 50-114. This form requests that the state grant you an exemption to your tax bill. The exemption is typically $15,000 off the taxable amount of your home. For example: If…
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Election Results The election results are still sinking in and many of us are asking what does four more years of an Obama presidency mean for the real estate market and interest rates. I have personally been reading and trying to digest as many facts as possible and clear away all the chaff. I can…
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The 3.8% Tax So what is the real story on the 3.8% real estate tax that is buried in the health care bill? Does every transaction get taxed? How much will my tax be? How can I know how much will be taken out of my home sale? My Summary Ok, for most working class…
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