When you prepare to sell your personal residence – if you have lived in it for the last two out of five years – there can be a substantial capital gains exclusion. Tax Reform 2018 retained the home sale tax exclusion of $250,000 for single people and $500,000 for married couples filing jointly. This means […]
Archives for May 2018
Removing Private Mortgage Insurance (PMI) from your Mortgage Payment
When you think of “mortgage insurance,” you may think of a type of life insurance that if you die, the mortgage on your house is paid off for the benefit of the survivors. Private Mortgage Insurance, known as PMI, is not that at all. PMI is insurance to protect the lender in the event the […]