With so many home insurance products on offer, selecting the right insurance policy can be an overwhelming experience. But you can make use of some simple guidelines and tips to make the task relatively less taxing and easy.
This first thing to check in a home insurance policy is the extent and type of coverage offered. The requirement of coverage may differ for different people and it’s best to give this some thought before going out shopping for a suitable home insurance policy. [Read more…]
There is a new federal scheme that gives tax credit to those who buy a house this year. Home buyers, who have not owned a house for the last three years, will get relief of 10% of the sale price of the house or $8,000, whichever is lower.
Those who have not owned or resided in any principal residence for at least five consecutive years during eight years before the purchase of the new house, will get a benefit of up to $6,500 under the tax credit scheme. [Read more…]
In a bid to keep homeowners in their homes even if they are unable to meet repayments, the Obama government had unveiled foreclosure prevention measures a few months back. The expectation was that once the housing market is given a helping hand to stabilize, by preventing foreclosures and supporting homeowners, it would help the economy regain its footing too.
However, it appears as though the government’s foreclosure prevention measures will not achieve the targets originally set. [Read more…]
The tax filing deadline is not too far and you must be looking for all possible options of saving tax. The good news is that because of the stimulus package, there are many ways of reducing your tax liability. Here are some of the options available that you might not be aware of. [Read more…]
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