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Taking the leap: The benefits of buying vs. renting a home

Housing Wire

But be sure to consider how other recurring costs that may come with homeownership – such as homeowners insurance, property taxes and common charges like HOA fees – factor into your total monthly housing expense. Homeowners may also be eligible for tax deductions which renters may be unable to utilize.

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Understanding the Math of Profitable Investment Properties

Eppraisal

Analyzing Operating Expenses To accurately gauge the profitability of an investment property, it's essential to account for all operating expenses. These may include property taxes, insurance, maintenance and repairs, property management fees, and any homeowner association (HOA) dues.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Renovation loan assessments. Reviewing / appealing property tax assessment. Property division in separation / divorce. To determine capital gains on second or rental properties. Mortgage financing and refinancing. Estate settlements. Simple fixes – repair minor damage, paint over marks on walls etc.

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Understanding Mortgage Payments

Assurance Financial

You can also borrow strategically against your equity by taking out home equity loans — to perform renovations, say, and boost the eventual resale value of your home. A mortgage loan is a type of loan that is used to purchase a property, such as a home or a piece of land. Insurance payments work similarly to property tax payments.

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The Pros and Cons of Buying a House

PennyMac

Mortgage interest and property taxes may be tax deductible. Property taxes and HOA fees are the buyer’s responsibility. You Pay Property Taxes. Based on the assessed value of your home, property taxes are used to pay for roads, schools, emergency services, etc. in your area.

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Important Mortgage Acronyms

Assurance Financial

Municipalities often use FMV to determine the tax rate on a home. A home with a high FMV will have higher property taxes than one with a lower FMV. If a person has positive equity and needs cash for a renovation project or other reason, they can open a home equity line of credit or HELOC and borrow against their equity.

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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. You'll need to do some renovations. You should try not to spend more than 28 of it on home expenses.