How To Read Amortization Table ?
An amortization table gives a borrower an idea how the repayment of the loan is progressing. The table gives an idea about the principal amount and the interest paid and also due. Therefore, knowing how to read amortization table will help a borrower figure out how much of the payment goes for paying the principal amount and the how much goes to pay off the interest.
Look at the amortization table that the lender has given you. You will find that there is a column for monthly payments. More...
What Is Real Estate Appreciation Rates In The US?
With the recent recession and the burst of the real estate bubble, many were skeptical that real estate investment would not be something to dwell on. However, looking at the recent trends across the country, real estate has once again started appreciating, but not yet.
According to real estate experts, prices of homes will hit rock bottom by the end of 2010 or the beginning of 2011. Then there will be a steady decline in the value and prices of homes. However, thereafter, home prices will begin to appreciate once again. More...
Can You Deduct Closing Costs On Your Taxes ?
If you have taken a mortgage to purchase a home, you can avail a lot of benefits where your taxes are concerned. While many people know that they can deduct interest and taxes levied on real estate from their income tax, many are not aware that certain closing costs can also be deducted from their taxes.
However, it is important to note that not all closing costs can be deducted from the taxes and hence, a person should know which costs can be used. More...
How Is Interest Computed On Arrears ?
Usually when it comes to arrears, people automatically assume that it relates to debt that is not paid on time. However, the use of the term arrears differs from one industry to the next. For instance, where stocks, trading and bonds are concerned, arrears refers to back dividends that are owned to shareholder; while for bond holders, arrears means interest that was not paid on time. Even in real estate investment there are arrears.
When a person takes a mortgage, he or she is expected to pay a monthly amount until the mortgage loan amortizes.More...
How To Calculate Depreciation On Rental Property?
If you own rental property or you manage one, then it is very important that you know how to calculate depreciation on rental property. This will ensure that you get the maximum tax deductions and you will end up reducing the taxes you pay on your rental properties.
As a property ages, its value decreases. This is because the structure begins to show wear and tear as a property ages. So, if you sell a old property, you will get less for it because of the aging process. More...
Calculate Mortgage Payment With Escrow
If you are looking to calculate mortgage payment with escrow, you should first understand that a mortgage is composed of 4 components, namely principal, interest, taxes and insurance. These components are also referred to as PITI.
Principal is the amount that a lender lends and this amount has to be repaid. The interest is the cost that is charged for taking the principal from the lender. The tax is the amount that a person has to pay on the property to the local government; More...