Entries by Christian Crandall

The 5 Million Dollar Gift Tax Exclusion

Did you know there is an annual federal gift tax exclusion AND a lifetime gift exemption, which was raised to $5.49 million in 2017? Gift taxes are often a confusing topic. Fortunately, it is not that difficult to explain. Here are a few common questions and answers about the gift tax. What is the gift […]

Will the Mortgage Interest Deduction Change in 2017?

The mortgage interest deduction is a current tax benefit to homeowners. It allows homeowners to deduct the interest paid on their home loans from their income taxes. This is one of the ways that the tax code currently incentivizes home ownership. While this is not the only tax break afforded to homeowners, it is definitely a […]

Good Things to Know About Unpermitted Square Footage

Homeowners love to renovate and add on to their homes. However, occasionally homeowners will add square footage to their house without securing the proper permitting and paperwork. As a home buyer, you need to be aware of how to check for unpermitted square footage, and what it could mean about the property. Here are a few […]

The Benefits of a Reverse Mortgage

Reverse Mortgages are financial arrangements that allow you to live off of their equity in your house. While these are not recommended for people who have enough to live comfortably or who have little or no equity in their house, it can be hugely helpful to others. In a perfect world, everyone would be able to retire […]