taxes: Champagne Wishes and Caviar Dreams - 06/18/07 12:39 AM
Remember the old tag line from the show "Lifestyles of the Rich and Famous", as Robin Leach wished us all "champagne wishes and caviar dreams"? And sure enough, these days more and more people have the trappings of the rich. But is it the new home, maybe a shiny BMW, or more vacations? No. It's getting hit by the Alternative Minimum Tax (AMT), which was originally designed to hit only the ultra-wealthy. Not really the "you have arrived" feeling you had hoped for.
The nasty AMT isn't just for the wealthy anymore, as it is trapping an alarming amount of the middle … (0 comments)

taxes: Taxes When You Sell Your Home - 05/24/07 11:13 PM
IF YOU'RE A HOMEOWNER, then you're probably aware of the incredibly generous tax break available when you sell your home. Play your cards right and you can lock in a profit of up to $250,000 ($500,000 when you file jointly) and owe nothing to the IRS.
This great deal was enacted in 1997 and came with a couple of caveats. It stated that you must have owned and used the property as your primary residence for at least two years out of the five-year period ending on the sale date. The gain-exclusion privilege was also generally unavailable if you excluded an … (0 comments)

taxes: Saving Money On Taxes - 05/21/07 01:04 AM
There are many mortgage and real estate equity planning strategies that can really help you save money on taxes whether you are buying, refinancing or selling a primary home, vacation home or investment property.
The Caylor Mortgage Planning Team brings a team approach to your situation by working with qualified CPAs, CFPs and attorneys. In doing so, the Caylor Mortgage Planning Team will help you: Improve your after-tax cash flow Save money by understanding the impact of the "gift tax" when gifting or receiving real estate property and/or down payment funds Save money by understanding the benefits and limitations of mortgage … (0 comments)

taxes: Pass Your Assets to Loved Ones...Not Uncle Sam - 05/14/07 01:30 AM
If you don't have an estate plan in place, don't worry...the IRS has one for you. But you may not like it, so it's always a good idea to get your finances in order and avoid incurring tax penalties and hefty estate taxes. Knowing the value of your estate and becoming familiar with several exemptions and tax benefits can help you hand your assets over to your loved ones...without handing a portion of your hard earned assets over to Uncle Sam.
Some good news-the new Federal estate tax exclusion increased in 2006 to $2 million per person. In the past ten … (3 comments)

taxes: THE HITS JUST KEEP ON COMIN’! - 05/12/07 02:33 AM
But we're not talking about the latest top 40 hit by Mariah Carey!!
It's the FED.  The Federal Reserve Board has hiked rates seventeen consecutive times over the past two plus years...and while they've paused in their hiking cycle for the time being, the hits they've given to rates have added up fast.  
While an ARM (Adjustable Rate Mortgage) or Home Equity Line of Credit may have saved you a bundle over the past several years of low interest rates - times have changed, and it's likely time to give your whole financial picture a once over and see if any adjustments … (0 comments)

taxes: The Key To College Planning - 05/10/07 11:44 PM
In today's world, a college education is more important than ever. Many of the jobs that do not require a college degree have been outsourced to workers in other countries, or replaced by a computer or machine.
In addition, according to Fed Chairman Ben Bernanke, the income disparity between college grads and non-grads is growing every year. In 1979, college grads earned 38% more than those with only a high school diploma. But today, college grads earn 75% more than those without degrees!
The Cost of Higher Education
Let's face it: college is expensive. And with the cost inflating approximately 5% annually, the … (0 comments)

taxes: Home Improvements Turn Average Homes into Dreams Come True - 05/09/07 10:58 PM
If you're thinking about taking out a home improvement loan, there are several options to consider. First and foremost, your mortgage professional needs to know why you want a home improvement loan. Here are some factors to take into consideration.
•·  How long have you been in the home?
•·  Will the improvements increase the property value?
•·  Are you making improvements to increase energy efficiency?
•·  Will improvements be made in one fell swoop, or in stages?
•·  What is the current outstanding balance on your mortgage?
•·  What is the appraised value of the home?
•·  How much will the improvements cost?
•·  What improvements will be … (0 comments)

taxes: Protecting Your Credit During Divorce - 05/09/07 01:03 AM
When a marriage ends in divorce, the lives of those involved are changed forever. During this time of upheaval, one thing that shouldn't have to change is the credit status you've worked so hard to achieve.
Unfortunately, for many, the experience is the exact opposite. Unfulfilled promises to pay bills, the maxing out of credit cards, and a total breakdown in communication frequently lead to the annihilation of at least one spouse's credit. Depending upon how finances are structured, it can sometimes have a negative impact on both parties.
The good news is it doesn't have to be this way. By taking a … (0 comments)

taxes: Lead Follow−Up Campaigns- Never Give Up On a Lead! - 05/09/07 12:57 AM
You might wonder, "When is a lead no longer a lead?" A lead is always a lead until the person tells you to stop calling. The key to success in sales is professional persistence. Take time to earn the loyalty of prospects by showing them that you add more value to the equation than anybody else in your field. One critical element to remember about a successful lead follow-up campaign is that it should be easy to implement.
Build a series of letters (i.e., templates) and load them into your database management system. Whether you use Top Producer®, Microsoft® Outlook® or ACT!®* … (3 comments)

taxes: Is a 30-Year Fixed Mortgage the Best Type of Mortgage? - 05/08/07 01:25 AM
With interest rates still near 40-year lows, is a 30- year, fixed-rate mortgage the right choice? While the mass media's response is usually yes, my reply is NO.
Today's market is much different than the market and lifestyle of the previous generation. That generation typically had one job, one pension, one house and one mortgage. That lifestyle no longer holds true today. Pension plans seem to be a thing of the past unless you are employed in the airline industry and many of the public services agencies. Most Americans will hold five or more jobs throughout their careers. As far as … (0 comments)

 

John Caylor

Post Falls, ID Mortgages

Post Falls, ID

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Infinity Financial Group

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