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Author Archives: Jill Kuchle

    It’s the Principal of the Thing

    By Jill Kuchle | November 14, 2016

      Most people think they’ll have a house payment and a car payment for the rest of their lives but it doesn’t have to be with a plan and a little discipline. The plan is to make additional principal contributions to a fixed rate mortgage to shorten the term and save tens of thousands in... Read More

    Down Payment: FOUND!

    By Jill Kuchle | October 24, 2016

    Saving the down payment may be unnecessarily keeping would-be buyers from getting into a home. They may be unaware that the funds might be available. The NAR Profile of Home Buyers and Sellers reports that 81% of first-time buyers got all or part of their down payment from savings. Less than 4% said that all... Read More

    It’s not far, if you know the way

    By Jill Kuchle | October 17, 2016

    “It’s not far, if you know the way.” What this expression implies is that you could have a long way to go if you don’t know where you’re going or how to get there. Just like reading a map, there are some definite steps that will improve your success in buying a home in today’s... Read More

    Sale of Home by Surviving Spouse

    By Jill Kuchle | October 10, 2016

    Special consideration is made by IRS for the sale of a jointly-owned principal residence after the death of a spouse. Surviving spouse may qualify to exclude up to $500,000 of gain instead of the $250,000 exclusion for single people if certain requirements are met. The sale needs to take place no more than two years... Read More

    Rental Real Estate is Preferred Choice

    By Jill Kuchle | October 3, 2016

    Real estate is the overwhelming preferred choice by Americans as identified in a recent survey. With the Dow Jones industrial average reaching record highs, it might be expected that the stock market would be the favored choice but that wasn’t the outcome. Analysis of the report suggests that the popularity for houses could be that they... Read More

    When the rate goes up

    By Jill Kuchle | September 26, 2016

    It’s not “if” the rate goes up but “when” the rate goes up; it could make a big difference for some buyers. Freddie Mac predicts that mortgage rates will be at 4.5% a year from now. If buyers can afford a home with higher interest rates, it means higher payments. Higher payments might mean they won’t... Read More

    Ready for Retirement?

    By Jill Kuchle | August 15, 2016

    It’s surprising to realize that most people spend more time planning their next vacation or cell phone purchase than they do on their own retirement. Let’s look at a hypothetical situation where you have $35,000 to invest for your retirement in 15 years. Have you compared where you might have the best opportunity? The safest... Read More

    Avoid Wasting Time

    By Jill Kuchle | August 8, 2016

      “If you waste my time, don’t expect me to hang out with you very long.” This could have been said by a buyer or seller or a real estate agent. Time is valuable and no one wants to waste their time. Most people can’t put their lives on-hold while they’re trying to buy or... Read More

    How Will it Feel?

    By Jill Kuchle | July 25, 2016

    It has been said that change is the only constant. Most of the financial experts have been expecting interest rates to increase along with home prices. While homes, in most markets, have definitely seen increases over the past five years, the mortgage rates today are actually lower than they were a year ago. If the... Read More

    Opportunity Can Disappear

    By Jill Kuchle | July 7, 2016

    In the last few years, some people who were unable to sell their homes, rented them instead. The market has improved in most places and the home may easily sell now and possibly, for a higher price. Most homeowners are aware that there is a capital gain exclusion on the profits of a principal residence... Read More