Author Archive

How To Calculate Taxable Income 0

We define Taxable Income as Adjusted Gross Income fewer Deductions and Exemptions. This means that you must thoroughly understand these three components. For a better explanation of each category, you must read and study the IRS publications for both general and specific information pertaining to your situation. Go to

Universal Is Killing It This Year Thanks To Minions, Dinosaurs And Fast Cars 0

On a long car ride yesterday, my mind drifted to the movies I’ve actually gone to the theater to see this year. I realized that more than half of them have been Universal films. Universal, which is owned by Comcast Comcast, has the largest share of the domestic box

Closing Cost Basics 0

What happens at closing? Statutory Costs and Taxes Third-Party Closing Costs Finance and Lender Charges What happens at closing? At the closing, ownership of the newly purchased home is officially transferred to you. It could involve you, the seller, the real estate agent, representatives from the title or escrow

FHA Mortgages – What’s an FHA Loan? 0

The Federal Housing Administration (FHA) was established in 1934 to improve housing standards and conditions and to supply an adequate home financing system through insurance of mortgages. Families that would preferably be excluded from the housing market were finally in a position to shop for the homes of their

Home Appraisal Basics 0

What is a Real Estate Appraisal? The appraisal is a document that provides an estimate of a property’s truthful market value. An appraisal gives the market value of a property. The appraisal is performed by an “appraiser” who is usually a state-licensed individual trained to use existing information to