Almost everyone wants to be a homeowner. As children, we all imagine what our lives will be like when we grow older and where we will end up. Homeownership isn’t just a dream, it’s something you’ve fantasized about your entire life. Don’t let something intimidating like a down payment crush your hopes of home ownership.
So what are capital gains and how do they apply to the everyday American? It’s actually a lot more simple than you might think. Capital gains are simply how much an asset gains value over time. For example: Let’s say you buy a baseball card for $1 and you save it, make sure to keep
Concept Explanation Step-Up in Basis A tax program designed to help Americans generate family wealth by allowing them to sell inherited property without having to pay capital gains tax. Capital Gains The increase in value of an asset over time. If an asset is sold for more than its original purchase price, the difference is
How Do These Mortgage Rates Affect Current Homeowners? At the time of writing this, we Americans are currently dealing with rising inflation as well as (the Federal Reserve aka the Central Bank) continuing to increase mortgage interest rates. What does this mean for the real estate market? Who will buy houses now that rates are
For anyone who lives in Florida or plans to someday, the 100-year and 500-year flood are terms you need to know and understand. These terms refer to different areas of a floodplain and considering that basically all of Florida is a flood zone, this is crucial information to know. These terms are easy to misunderstand