Real Estate

Owning a home in the United States comes with various tax responsibilities, but not all homeowners are required to report rental income to the IRS. While most property owners must declare earnings from rental properties, there are specific exemptions that allow certain homeowners to bypass this obligation. By understanding the tax rules, homeowners can determine Continue reading

Mortgage interest rates in the United States have remained elevated in recent months, impacting both prospective homebuyers and those looking to refinance their loans. The Federal Reserve’s decision to maintain its benchmark interest rate due to persistent inflation has kept mortgage rates high. Currently, the average rate for a 30-year fixed mortgage stands at around Continue reading

As tax season unfolds from January 27 to April 15, over 140 million Americans are expected to file their returns with the IRS. While homeownership is a significant financial commitment, it comes with various tax benefits that can substantially reduce taxable income and increase refunds. While the mortgage interest deduction is well known, many homeowners Continue reading

For many New York homeowners, skyrocketing housing costs and expensive home maintenance have made homeownership a growing financial burden. To address this crisis, Governor Kathy Hochul has unveiled a $51 million homeowner assistance program, designed to help low- and moderate-income households across the state. This funding will go toward critical home repairs, accessibility improvements, manufactured Continue reading

Buying a home in New York City can feel out of reach due to high property prices and hefty down payments. However, the HomeFirst Down Payment Assistance Program, offered by the NYC Department of Housing Preservation and Development (HPD), is changing the game. This initiative provides forgivable loans of up to $100,000 to first-time homebuyers, Continue reading

Home equity loans have long been a popular way to access extra funds at relatively low interest rates. However, borrowing against your home is a serious financial commitment, and failing to repay your loan could put your biggest asset at risk. With interest rates fluctuating and the cost of borrowing changing, homeowners should be fully Continue reading