Tag: government

By Posted on Posted in Foreclosures, Real Estate Tagged with , , , , , , , , , , ,
Red percent sign and a padlock on white surface. Financial concept

Following recent speculations that the Federal Reserve would hike interest rates in June, a weak May job report moved in to dash the chances. The likelihood of a rate hike shrunk down to a measly 4 percent, and experts are saying even the possibility of a hike in July is now slim, due to the bleak job report.Only 38,000 jobs were created in May, a …

No FED Rate Increase In June Read more »

By Posted on Posted in Real Estate Tagged with , , , , , , , , , , , , , , , , , , , ,

Hold onto your home for two years! If you sell after 24 months, you’ll be exempt from capital gains taxes up to $250K for a single person and $500K for a married couple. Your mortgage may not be as steep as you think, thanks to Uncle Sam. The government incentivizes home ownership with a tax deduction on interest for a mortgage up to $1.1 million. …

Top Five Government Policies Everyone Should Know Before Buying Their First Home Read more »