Should You Deduct Prepaid Interest From Your Home Taxes?

Deduct Prepaid Interest

If you are considering getting a home loan, there are a number of different ways you can deduct prepaid interest. Some of these options include taking advantage of the points that you are able to deduct, while others involve making sure you have more money upfront. Basically, using your home equity to buy your first … Read more

Guide to Education Tax Credits for 2022

Education Tax Credit

The cost of college has increased significantly over the years. Thus, to help students afford their education, the federal government has created education tax credits.  However, there are specific rules and guidelines that you, as a student, need to know about. For instance, you cannot claim the American Opportunity Education Credit if you have a … Read more

Advance Vs. Loan – How to Protect Yourself from Advance-Fee Loan Scam?

advance fee loan

Loans and advances play an important role in our lives, especially when it comes to financing big-ticket purchases or dealing with financial emergencies. They help us make large purchases without having to save up for years in advance. They also enable us to deal with financial emergencies without having to dip into our savings. An … Read more

How much income is needed for a 600k mortgage?

income needed for 600k mortgage

If you’re looking to take out a mortgage of 600,000, you’ll need to ensure that your income is high enough to cover the repayments. Depending on the interest rate and other factors, you could be looking at monthly repayments of around 3,000. As such, you’ll need to have a household income needed of at least … Read more