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What is an HOA and is your HOA fee tax deductible?

Movoto

Owning a home comes with some great tax breaks. But is your HOA fee tax deductible? Learn more about HOAs and when you can get a tax break on your HOA fees. You know the old saying: Nothing is certain but death and taxes. So, what is an HOA, and when can you deduct your HOA fees from your taxes ?

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Reviewing / appealing property tax assessment. Property division in separation / divorce. To determine capital gains on second or rental properties. Tax implications for final probate. Future potential for development of the home. Renovation loan assessments. Mortgage financing and refinancing.

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How to Buy a Rental Property: Get Tips from the Experts

PennyMac

Property taxes. Taxes and Real Estate Investment. Beyond equity growth and cash flow, there is one other way that many people can make (or save) money by purchasing an investment property: tax savings. New investors usually avoid fixer-uppers if they are new to managing rental properties. Maintenance costs.

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What’s Included in Closing Costs?

PennyMac

An escrow account is a special account that holds money for property taxes, premiums, homeowners insurance and mortgage insurance. Some lenders require you set aside a few months of property tax and mortgage payments in an escrow account as part of your closing costs. Property Tax. Homeowners Insurance.

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Say What? Home-Buying Lingo You Should Know

Zillow

Escrow account : An account required by a lender and funded by a buyer's mortgage payment to pay the buyer's homeowners insurance and property taxes. Guaranteed replacement coverage : Homeowners insurance that covers what it would cost to replace property based on today’s prices, not original purchase price, should damage occur.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Consider Property Taxes When you pay for your home, you'll need to pay other fees like property taxes and insurance. Your neighborhood may require homeowner's association (HOA) fees, too. The Department of Housing and Urban Development (HUD) offers programs that may help you buy a home. What Is HUD?

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New Homes vs. Old Homes: Which Is Right For You?

PennyMac

Is it a classic Victorian set far back from the road with stately elm trees shading the formal garden, or a brand-new split level in an up-and-coming housing development with a communal pool, tennis courts, and a playground for the kids? Higher property taxes. What does your ideal home look like? Location, location, location.