Tag Archives | home improvements

New Tax Law for Deducting Home Equity Line or Loan Interest

Beginning January 1, 2018, the new tax law restricts how and when interest can be deducted on a home equity line of credit (HELOC) or second mortgage.

Before the tax law change, home equity loans and second mortgages were popular ways for homeowners to borrow money to pay for college, vacations, a new car, etc., because the interest on the loans could be deducted. Read More

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The Most Valuable Home Improvements

There are upgrades that increase the value of your home, and then there are improvements that increase the chances of selling your home. Paint, for example, will not increase the value of your home, but will greatly increase its curb appeal and ultimately, its salability. (But when you paint, choose neutral colors – nothing too outrageous.) Fixing cracked sidewalks, rickety steps and railings falls into the same category of improving your home’s curb appeal, if not its overall market value. Read More

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