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Imagine this - you’ve finally found a house you love after looking for what seems like forever. Because you were in a bidding war, you went a bit above your budget so you’ll need another $5,000 for the downpayment. You parents are happy to help (not that they’re anxious for you to move out or anything) and give you the money that they’ve been keeping in their wall safe in case of an emergency. You deposit it into your account so the lender can see that you have the money you need for the downpayment. …

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Congratulations! You’ve made a big decision and are ready to become a homeowner! Before you start looking at — and falling in love with — a house, find out how much you can afford. This involves talking with a bank (also called a lender) or mortgage broker, sharing some financial details and getting a letter with an amount they’re willing to lend to you. This article will walk you through the process but first, let’s clarify some jargon.

Bank vs. mortgage broker — If you’re looking for car insurance, there are dozens of choices. You can just pick one but…

Your Home Purchase Can Be Totally Screwed Unless You Read This

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Cash is not king for home buyers

Imagine this: you’re super psyched because you’ve finally found a house you love after looking for what seems like forever. You run numbers with the lender and find out that you only need another $5,000 for the bank to approve the loan. You parents are happy to help (not that they’re anxious for you to move out or anything) and send you money they’ve been keeping in their wall safe in case of an emergency. You deposit it into your account so the bank can see that you now…

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Answering these 6 questions will set you up for home-buying success.

Is it time for you to take that giant leap into homeownership? Before you spend hours cyber-stalking your dream home, take a few minutes to identify your priorities.

  • What do you want the house to do for you? Is this a way to build some equity and stop paying rent? Do you need more space for your growing family or growing business? Is it time to simplify and right-size? Knowing how long you expect to live in the home can help you be more strategic about your purchase. For…
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Buying a home

It’s the American Dream: Most people hope to own their own home someday. But how does it work and where do you start? I will address these exact questions in this Home Buying 101 Series.

There’s No Wrong Time

First, let’s talk about the idea of buying a house at “the right time.” You may stress about buying at the top of the market and decide you should wait until prices decline. Two years later, you’re still waiting, and homes are 20% more expensive! Now you’ve wasted thousands in rent and lost out on that potential equity…

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NABWIC Invests

I’m probably the last one any white person would accuse (or even suspect) of being racist. I have dozens of black friends and colleagues. My mentor is black. I’ve dated black men. I’m on the Diversity Committee for the National Association of Realtors dedicated to upholding the promise of fair housing. I’m even past president of the investment club for the National Association of Black Women in Construction. I love my black friends and have tremendous respect for them. But the fact that I’m itemizing all this is part of the problem!

At 57, I’ve discovered that I am, indeed…

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Photo by Annette Schuman on Unsplash

If you love paying taxes, you won’t want to read this post. On the other hand if you’re staring down the barrel of looming capital gains, whether from the sale of real estate, stocks, bonds, or interest in a partnership, this could be the opportunity that you’ve been searching.

The Tax Cuts and Jobs Act of 2017 created an excellent tax advantage for real estate investors. To encourage the improvement of economically-disadvantaged areas, the federal and state governments have designated certain census tracts as Opportunity Zones (OZ). …

Christine McCarron

Real estate agent & investor, author & speaker, podcaster and arts patron. Check out GetYourFILLPodcast.com.

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