All Posts Tagged With: "Buyers"
How Does A “Buy-Down” Reduce Mortgage Interest Costs?
With a “buy-down” you have a below-market interest rate (it is “bought down”) because either the borrower or the seller have given additional money to the lender up front. There are different forms of buy downs, most reduce interest costs in the first few years of the loan. For instance, if you pay an extra [...]
1Sep2008 | Peter G. Miller | 0 comments | Continued
Can I Deduct Seller-Paid Mortgage Points?
If a seller pays points, the points are deductible in the year paid as an expense of selling. If a buyer pays points, the points paid by the purchaser are deductible by the buyer in the year paid. If a seller pays points to assist the purchaser, the BUYER may deduct the value of the [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
What is “buyer’s remorse?”
With some frequency it happens that buyers often have a sense of remorse after contracting to buy a home. Why? A home is a very large purchase. Not just in terms of dollars, but also in the sense of status, ego, and commitment. And because buying a home is such a transforming event, it naturally [...]
27Aug2008 | Peter G. Miller | 0 comments | Continued
Your Real Estate Questions Answered
Would you like to share your question in newspapers nationwide? Would you like to potentially reach huge numbers of readers? This site receives numerous real estate questions from visitors, so in an effort to answer some of the inquiries we receive we’re going to take selected questions and use them in columns and articles. Please [...]
23Aug2008 | Peter G. Miller | 8 comments | Continued
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