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qualify: Is Your Credit Score a "Score" or a "Rank"?? - 01/25/11 09:03 AM
Apparently there is a misconception out there that your credit score is just that; a basis of how you handle your credit, pay your bills, and your effort to stay on top of things. With this new economy that we've been thrust unwillingly into, that has apparently changed. It's not more-or-less a ranking of how you fit in with the ever-changing credit scores of the general population. The actual quote from a financial article is, "Your credit score is not a rating of your credit worthiness, but rather a ranking of your credit worthiness compared to the rest of the
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qualify: Buy More Home Now! - 08/18/08 10:37 AM
While the pundits determine whether the real estate market is plunging or recovering, buyers are in the unique position of looking at a glass that is half full, not half empty. When sales are slow, that's actually a good thing for qualified buyers, and there has not been a better time to consider finally purchasing that vacation home. Your second home is not a short-term investment, like those that have been "flipped" in recent years. Your vacation home is meant to be a long-term investment that pays big dividends not only in appreciation, but also in recreation and great family memories.
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qualify: Know the Difference! - 01/07/08 11:24 AM
How much home can you afford? How do you even begin to find the answer to that question? You've probably heard terms like "pre-approval" and "pre-qualification" tossed around, but do you understand the critical difference between those two? If your answer is "no," then please read on to avoid major disappointment when you make your offer. "Pre-qualification" is a fine place to start, but if you're really serious about the time and money you're going to invest in purchasing a home, you'll really want to focus on "pre-approval." Approval, and not just qualification, is secured when you complete and submit a
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qualify: Keep Your Profits!! - 10/02/07 03:19 PM
Real estate has proven again and again to be an excellent investment, encouraged by the fact that capital gains on its sale can often be avoided completely. While traditional investment vehicles like stocks impose a 15% tax on long-term gains, you can exempt $250,000 (or for joint filers $500,000) of your home sale profit from taxation. There are only two simple qualifications: you must have owned the home for at least two years, and it must have been your principal residence for at least two of the five years prior to its sale. Those two years don't even have to be
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Michael Sinton, CRB, CRS, SFR, e-Pro
Jackson,
NJ
More about me
Weichert Realtors
Address: 2110 West County Line Road, Jackson, NJ, 08527
Office Phone: (732) 370-4664
Cell Phone: (732) 904-3236
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