• Buyers who can't put a 20 percent down payment on their home loan usually get stuck paying costly private mortgage insurance (PMI), which protects lenders if the buyer can't repay the loan. But if…   Read the Article

  • Congratulations -- you're a homeowner! Now that you've moved into your new digs, you'll need to: Decide what color to paint the living room Sort through those last few boxes (eventually) Learn…   Read the Article

  • Which season is the best time to be a homeowner? Tax season! Along with the freedom to paint and remodel, tax breaks are one of the many perks of homeownership. The bad news? Unless you choose…   Read the Article

  • If you refinanced your mortgage, the points you paid are not deductible in the year you paid them, unlike the points you paid when you first took out your mortgage. For refinanced mortgages, you have…   Read the Article

  • Forgiveness of debt means a bank or lender forgoes repayment of principal and/or interest that a borrower owes. Forgiven or discharged debt is typically considered ordinary income that is taxable.…   Read the Article

  • It's hard enough reconciling yourself to the reality of paying the monthly principal and interest on a new home mortgage. When you realize all the expenses that will be added to that price tag, it…   Read the Article

  • If you got your real estate information from reality TV and infomercials, you'd think all there was to being a real estate investor was fixing and flipping, then flaunting the cash you just made,…   Read the Article