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  Here are two easy-to-remember formulas that can be very useful as you budget for retirement:   The Rule of 25 – How much “critical capital” do I need? According to this formula, if you multiply the annual income you need by 25, that’s approx. how much money you need to save in order to retire....
  1: Ability to Deduct Your Mortgage Interest: If you take out a mortgage for home improvement purposes, the IRS may ask you to prove the project was a "substantial improvement" that: Adds to the value of the home, Prolongs the home’s useful life, or Adapts the home to new uses.  For example, pa...
Bidding for a new home can get pretty fierce in today's market.  Here are three potential solutions to avoid getting outbid on your new home: Turn in your loan paperwork BEFORE you place an offer.  In many cases, you are bidding against cash buyers who don't need to wait for financing approvals....
    Contrary to popular belief, mortgage interest is not always tax-deductible.  Here's the inside scoop: 1. Do you itemize your tax deductions? You cannot take the mortgage interest deduction if you are taking the standard deduction. In 2018, the standard deduction is $12,000 for single taxpayer...
  1 – Buy and Flip This strategy involves buying a house with the intention of selling it for a short-term profit.  Typically, investors who take this approach look for homes that need improvements and renovations.  Here are three questions to ask yourself before you take the leap with this stra...

Chris Freck

EstaR Mortgage, A Bilingual Brokerage
local_phone(510) 463-1003
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