Tax tips when selling your main home: If you lived in your home for a minimum of two out of the last five years, then you may exclude up to $500K of capital gain from the sale of your main home. If you’re married it’s a $500K exclusion and if you’re single it’s a $250K exclusion. The…

Now that summer is upon us, many of us will start searching for a new home. For some buyers, it may be the first time. Here are my tips for first-time home buyers. TIPS Putting 20% down avoids private mortgage insurance Don’t use all your savings on a down payment Have 3 to 6 months…

I often get questions about how to reduce your taxes, so today I want to share an informative article I read on Kiplinger. You probably know that interest on your home mortgage is deductible, and interest on a home-equity loan or line of credit is usually deductible, too. But that’s not the only way owning…