Sold a Home? Know Your Tax Obligations

Sold a Home? Know Your Tax Obligations

Q: We recently sold a home, is there any tax obligations we need to know at this time of year? A: When you sell your own home (or principal residence) you usually don’t have to pay tax on any profit from the sale. But what you might not know is that even if you are...
Firm or conditional offer: what’s right for you?

Firm or conditional offer: what’s right for you?

Q: We are house hunting this spring and conventional wisdom tells us we should make our offer to purchase a home conditional upon certain terms – that the home pass a home inspection within five business days of the offer, for example. But what about in a competitive...
How Can I Pay Off My Mortgage Faster?

How Can I Pay Off My Mortgage Faster?

Question: I have been coasting along with my mortgage payments, and now I want to kick it into high gear. If I am looking to get a new mortgage or renew the one I have, what kind of research should I do to make sure I can pay off my mortgage faster? Shop around – and...