Tag: Taxes

Posted on 04/24/2022

What is PITI? Understanding your financial situation

PITI, which is short for "principal, interest, taxes and insurance," is an essential term to know for anybody seeking a mortgage loan. The acronym refers to the relationship between these four numbers expressed in a ratio and can tell lenders about your financial status. Here is a breakdown of the term and why it matters to potential homeowners...

Insurance

+ 7 more

Posted on 11/21/2021

Fair Market Value: Why It Matters

There are many variables that make up the fair market value of a property. Because this value depends heavily on the environment and the property itself, it’s crucial in making sure you get the best buying or selling price. Here are some of the biggest things that fair market value affects: Insurance Homeowner’s insurance always uses the fair...

Fair Market Value

Home Buying

+ 12 more

Posted on 01/26/2020

What is the Estate Tax?

Image by Gerd Altmann from Pixabay If you anticipate that you will inherit an estate at some point or if you plan to leave your estate to an heir, it is important to plan for the potential tax implications of that transfer. The federal estate tax is one aspect to consider. Depending on the value of the estate,...

Tax Planning Tips

Taxes

+ 1 more