Being a better homeowner is a full-time job. It takes good information to make good decisions not only when you buy and sell but all the years you own a home. Think of times when you need advice on financing, taxes, insurance, maintenance, finding reasonable and reliable contractors and lots...
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About: Maggi Pritchard
Recent Posts by Maggi Pritchard
Is a Home Equity Loan an Option?
Maggi Pritchard
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Here’s the scenario: you have a project and need to borrow some money, but you want to do it in the most economic manner. You’ve got a low rate on your existing first mortgage and don’t want to do a cash-out refinance and pay a higher rate. Is a home...
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Home Inventory
Maggi Pritchard
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Generally speaking, when you need an inventory of your personal belongings, it is too late to make one. Sure, you can reconstruct it but undoubtedly, you’ll forget things and that can cost you money when filing your insurance claim. Most homeowner’s policies have a certain amount of coverage for personal...
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Standard or Itemized Deductions
Maggi Pritchard
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The Tax Cuts and Jobs Act of 2017 increased the standard deduction to $24,000 for married couples. There will be some instances that homeowners may be better off taking the standard deduction than itemizing their deductions. In the past, homeowners would most likely be better off itemizing but the $10,000...
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Eliminate FHA Mortgage Insurance
Maggi Pritchard
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Mortgage insurance premium can add almost $200 to the payment on a $265,000 FHA mortgage. The decision to get an FHA loan may have been the lower down payment requirement or the lower credit score levels, but now that you have the loan, is it possible to eliminate it? Mortgage...
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