10 Common Errors Home Owners Make When Filing Taxes

As you calculate your tax returns, consider each home tax deduction and credit you are—and are not—entitled to. Running afoul of any of these 10 home-related tax mistakes—which tax pros say are especially common—can cost you money or draw the IRS to your doorstep. #1: Deducting the wrong year for property taxes Enter on your …

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Home Affordability Returns to Pre-Bubble Levels

Home affordability returned to pre-bubble levels in a growing number of U.S. markets over the past year as price declines laid the groundwork for a housing recovery. Home values in the United States posted their largest quarterly decline since the first quarter of 2009, falling 2.6 percent as the temporary stimulus of the home buyer …

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New Lending Guidelines From Fannie Mae

New lending guidelines being rolled out by Fannie Mae will make securing a mortgage a lot easier for some borrowers but harder for others. The rules, effective on Dec. 13, will allow buyers to use gifts and grants from nonprofit groups for their minimum 5 percent down payment, which is the threshold set by Fannie …

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Manage your money like a woman

Women typically earn less yet live longer than men, which suggests they need a different financial plan. Here are 13 strategies to ensure a comfortable retirement: Family finances: Cut off your kids Sure you want to help your children. But women too often lend a hand at the expense of their own long-term security: Half …

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