Do You Need an Owner’s Title Insurance Policy? When you take out a mortgage, your lender will order a title search. During this search, a title insurance company will review your home’s history to make sure there aren’t liens...
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Best Strategy for an ARM (Adjustable Rate Mortgage) The key to earning the most savings from an Adjustable Rate Mortgage is to turn this mortgage into a shorter-term loan. That’s because ARMs come with an adjustable period during which...
Even Small Businesses Need Cyber Liability Insurance Cyber liability insurance protects your business from any financial losses if it suffers a data breach, ransomware attack or any other type of cyberattack. This type of insurance has only become more...
Prepayment Penalties: Still an Issue? A prepayment penalty is a fee that mortgage lenders charge if you pay off your mortgage loan too early. You might incur this fee if you refinance your mortgage or sell your home too...
How to Save by ‘Overpaying’ Your Mortgage When you make your monthly mortgage payment, whether you pay with a recurring withdrawal from your checking or savings account or send a check to your lender, you’ll have the option to...
Understanding the New Tax Break for Overtime Pay By law, nonexempt employees — whether paid hourly or salaried — must be paid at least 1.5 times their regular rate of pay for all hours worked over 40 in a...
New Federal Tax Break for Tipped Workers The One Big Beautiful Bill Act allows certain employees to deduct a portion of their reported tip income from federal income tax. The law provides an above-the-line deduction of up to $25,000...
The Augusta Rule: A Special Tax Break Originally created to protect the residents in Augusta, Georgia, who rented out their homes to attendees of the annual Masters Tournament, the Augusta Rule dates back to the 1970s. At that time,...
Do You Qualify for a Home Office Deduction? Good news if you have a home office! You may be able to deduct expenses related to the business use of part of your home if you use it: Principal place...
Should You Pay for Mortgage Points? Mortgage points, also known as discount points, give you the opportunity to purchase a lower interest rate on your mortgage. The more points you buy — something you can do when closing on...