Answer: A. $119 Your monthly payment would be $247.97 more on the $450,000 house compared to the $400,000 house. But… $68.89 goes towards the principle. That money is yours. You are just transferring it from your checking account to your mortgage account. $177.08 is interest, but this is tax deductible. At the end of the [...]
Entries from March 2011
The $50,000 Answer
March 31st, 2011 · No Comments · Virginia Beach
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Buy a Home Now Or Later: Real Estate Q & A
March 17th, 2011 · No Comments · Virginia Beach
Question: Hi, Will. We last lived off Shore Drive on the beach and loved the area, but would prefer to be in an established neighborhood because we have two children now, 3 and 1, and probably more to come. Do you know how rental properties are doing? One concern we have is missing out on [...]
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Take down the family photos?
March 10th, 2011 · No Comments · Homes, Neighborhoods
“You have a beautiful home, but you might want to take down the family pictures. You don’t want the buyer to be distracted.” I said this to a client recently while taking pictures for a listing. The home was immaculate. The furnishings beautiful. The only thing I noticed that would be an easy change was [...]
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Invest In A Home
March 2nd, 2011 · No Comments · Virginia Beach
“Home values have never fallen in Virginia Beach!” – 2006 Today this seems comical except for one small detail. At the time, it was a true statement. “Real estate is not a good investment.” – 2010 It is easy to take the side of real estate naysayers since the bubble popped. But just like the [...]
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