Jeremy Drobeck of Amerifirst Home Mortgage meets with tax expert Dennis Greenfield to help people learn about some of the benefit’s to home ownership. Having the ability to take the mortgage interest deduction can in turn open up a whole bunch of other write-offs. Things such as state & local taxes that were paid, property taxes, charitable contributions, etc. . . Watch this video to learn more about these possible deductions.
Update! 10/14/2021 – since this video was produced a lot has changed. In 2018 the Tax Cut and Jobs Act increased the standard deduction thru 2025. Although mortgage interest, property taxes, PMI and many other things are still tax deductible many home owners wont have enough things to itemize on their return to make it worth itemizing. You can find more information about the TCJA here. At the end of the day many home owners wont see any tax benefits when it comes to owning a home. For more information contact your tax advisor.
One of the biggest myths out there is that you need a bunch of money to buy a house. That’s simply not true. There are a number of No and Low down payment options for home buyers. On top of that you don’t have to be a first time home buyer to access many of those programs. During our next lunch and learn we will cover all the different options out there for buyers looking to minimize their down payment. Over the last couple years its been harder to get a lot of these types of offers accepted. However, with the market going back to a much more “normal” state it’s not nearly as hard as it was just a few short months ago. This is the perfect time for Realtors to reconnect with their past customers and get back out there looking. Come check out this lunch and learn and get a refresh course on low down payment options for buyers!
Here is a list of some of the things we will cover during the event:Visit Jeremy's Blog