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For Home Sellers:
Why Sellers Choose Jason Penrose - Why home sellers in Phoenix, Scottsdale and Tempe choose Jason Penrose. Free Presentation - Free in-home listings presentation on marketing your Phoenix, Scottsdale and Tempe, in Maricopa County Arizona property. Property Valuation - How much is your Phoenix, Scottsdale and Tempe home worth? What Did That Home Sell For? - What did that Phoenix, Scottsdale and Tempe, Arizona property or other real estate sell for? FSBO - Selling your Phoenix, Scottsdale and Tempe real estate on your own? Go to Main Sitemap - Main sitemap sections include Find Phoenix, Scottsdale and Tempe Homes, For Home Buyers, For Home Sellers, Phoenix, Scottsdale and Tempe Information, Real Estate Resources, and About Jason Penrose.
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First Time Buyers >The Real Bottom Line
An important part of buying a house is sitting down with your real estate agent or a mortgage lender to get a clear idea of how much you can afford. They will add up all of your monthly expenses, the mortgage payment, insurance, real estate taxes, homeowners or condo association fees--and the grand total can throw you into shock!
The important thing to remember is that the grand total isn't really the bottom line. When you add your tax savings to the equation, you may be pleasantly surprised. During the early years of your loan, almost all of the mortgage can be deducted from your state and federal income tax. The same is true of your real estate taxes. If you use part of your house as a home office, you may be able to qualify for additional tax savings. In some areas, homes with ground floor apartments are popular for offsetting part of the mortgage and offering even more tax savings.
When you make calculations about the monthly costs that include the tax savings, you may find that owning your own home is less expensive than renting a house or apartment of comparable size.
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| Q |
What famous antebellum mansion was known as the "Queen of Tennessee Plantations"?
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| A |
Belle Meade Plantation was a prosperous 5,400-acre thoroughbred horse farm in the mid 1800's. The Civil War Battle of Nashville was fought in its front yard. |
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