Talia Freedman's Page

Question: I’m thinking of buying my first house and am very excited about the $8,000 tax credit. Is there anything I should know about the program before I get started?

Answer: There are a lot of things to know about the $8,000 tax credit. One of the most important things is to know when you can use the program. The tax credit is available to first time home buyers who purchase their home between January 1, 2009 through November 30, 2009. Another incredibly important issue is to f… Continue

Question:
I just bought a house and plan to live in it for at least 5 years. What can I do to increase my equity besides making extra principal payments on my loan?



Answer:
Congratulations. You’ve bought a home in one of the best markets for buyers. Just the fact that you bought your house in a down market will give you a good chance of your house increasing in value while you live there. This, in turn, increases the amount of equity you have in your house.

“Equity” is the percentage, or amo… Continue

Question:
My partner and I are planning to buy a house together, but we will get a much better rate if I am the only one on the mortgage. What is the best way to move forward so that we both own the property, but we get the best financing possible?

Answer:
When a couple goes to buy a house, they often find out that one person is in much better shape financially than the other. In this case, as in yours, it’s better for one person to take out the mortgage on the house. The benefits can be a bett… Continue