Are there organizations to assist with down payment costs?
Yes, there are a few different down payment assistance programs. They have maximum income requirements to meet. Make sure you stop by each table to see what programs they offer. What’s the best time of the year to purchase a home? Typically any time is the best time. More houses are for sale in the late spring early summer. Should you purchase an older home or a new home? What’s the benefits and cost of each? It depends on your needs, lifestyle, and desires. Older homes typically have an inherent higher maintenance cost just because of their age. A newer home will have some costs involved such as landscaping and window coverings. What are property taxes? These are taxes against the property that are based on its value. They assist to pay for services of the general public such as schools and emergency services. Can I deduct any of this for my taxes? Yes, property taxes along with mortgage interest tax are tax deductible. Make sure you seek the professional advice of a tax professional.
