What is a 2-1 Buydown Loan and How do They Work By JULIA KAGAN Updated April 16, 2023 Reviewed by EBONY HOWARD Fact checked by KIRSTEN ROHRS SCHMITT Investopedia / Mira Norian A 2-1 buydown is a mortgage agreement that provides for a low interest rate for the first year of the loan, a somewhat higher rate […]

  From Spotlight: Get Ready for Tax Filing–the Easy Way Can I Claim the Mortgage Interest Deduction? Details can be tricky. Double-check yourself with these tax rules affecting homeowners. Image: Ikon Images/Offset Like most homeowners over the past couple of years, you may have discovered that you can no longer write off your property taxes […]

Improve Your Money New   From Spotlight: File With Confidence: Tax Tips for Homeowners How Long to Keep Tax Records and More: A Checklist For most tax deductions, you need to keep receipts and documents for at least 3 years. Image: Gerd Zahn/Getty   Unless you live in a Hollywood Hills mansion, you probably don’t […]

From Spotlight: File With Confidence: Tax Tips for Homeowners When It’s Time to Get an Accountant to Do Your Taxes Do you need a CPA? Or will a regular accountant do? Nuthawut Somsuk/Getty   Now that you’re a homeowner, your taxes may have gotten more complicated. And you may be asking yourself, “Do I need […]