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    • If you suffer from FOMO you are going to hate yourself when’s rates jump up! Record low rates won’t last forever and in the last 7 days alone we have seen about a 125bps increase in the price of interest rates. If you’ve been thinking of refinancing or purchasing now is the time do not[...]

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      What's going on and why does it matter? Mortgage bonds opened lower this morning as a new week gets underway. Global stock markets are rallying after Moderna reported its Covid-19 vaccine was 94.5% effective in its trial. This follows last week’s news from Pfizer/BioNTech that its vaccine was [...]

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      What's going on and why does it matter? Mortgage bonds opened sharply lower this morning and global stock prices are rallying on the news that Biden won the US Presidential election, which brings clarity to the financial markets. Meanwhile, Pfizer and its German partner BioNTech were the [...]

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      You’re soaking in the sun, sipping champagne, and thinking to yourself, “This is the life!” The only question is: do you own or rent this opportunity? Here’s some vacation home math to help you run the numbers: STEP 1: CALCULATE YOUR “NET HOMEOWNERSHIP COST” 1: Annual [...]

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      1 - IRS GUIDELINES: HOW MANY DAYS ARE YOU USING THE HOME FOR "PERSONAL USE"? In order to deduct the mortgage interest on your vacation home as "qualified home mortgage interest", you need to use the vacation home for your own "personal use" for the greater of: 14 Days per Year; or10% of [...]

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      1 - HOUSE PRICE APPRECIATION The average rate of house price appreciation in the US over the past 20 years has been over 3% per year.  This means that if you bought a vacation home 20 years ago for $100,000, it would likely be worth over $180,000 today.  If you used a 20% down [...]

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      The main problem with cashing out the equity in your primary home to buy a vacation home is that you lose the tax deduction on the mortgage. Mortgage interest is only deductible if you itemize your tax deductions AND if the mortgage proceeds are used to buy, build or improve a "qualified [...]

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      On May 22, 2018, the IRS issued tax tip 2018-79, which I’ve excerpted for you below:During the summer, taxpayers often rent out their property. They usually think about things such as cleanup and maintenance, but owners also need to be aware of the tax implications of residential and vacation [...]

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      Time magazine recently featured a book review about an author who refers to the “panini generation.” You’re apparently part of this group if you’re squished between duties to children on one hand and duties to parents on the other hand. Among other things, the author discusses, “being mom[...]

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      Most retirement plans created over the past 30 years have assumed that government bond yields during retirement would be a lot higher than they are right now.  As illustrated in the chart, the yield on the 10-yr US Treasury fluctuated between 4% and 6% during most of the early 2000s. [...]

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