|
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 888-440-2121
|

Get Free Presentation On My Home Marketing. Before signing a contract with any Realtor, make sure you know EXACTLY how your home will be marketed. Find Out More > View All Offers >
|
Compare three mortgages at one time.
Download TripleCalc now. It's free.
|
Marsha Nation is one of The Web's
Top Selling Real Estate Experts Find Out More > |
|
|
 |
Harrah, Choctaw and Eastern Oklahoma County Area Neighborhood Information Harrah, Choctaw and Eastern Oklahoma County are suburban/rural communities that offer a retreat from the hustle and bustle. Homes are available in most price ranges, with city lots or land. There are many neighborhoods to choose from. Some are gated, some have a single entry, some have walking trails and community pools; some are newer, some older and settled. Whatever you are looking for, there is a home for you. 
 |
First Time Buyers >The Real Bottom Line
An important part of buying a house is sitting down with your real estate agent or a mortgage lender to get a clear idea of how much you can afford. They will add up all of your monthly expenses, the mortgage payment, insurance, real estate taxes, homeowners or condo association fees--and the grand total can throw you into shock!
The important thing to remember is that the grand total isn't really the bottom line. When you add your tax savings to the equation, you may be pleasantly surprised. During the early years of your loan, almost all of the mortgage can be deducted from your state and federal income tax. The same is true of your real estate taxes. If you use part of your house as a home office, you may be able to qualify for additional tax savings. In some areas, homes with ground floor apartments are popular for offsetting part of the mortgage and offering even more tax savings.
When you make calculations about the monthly costs that include the tax savings, you may find that owning your own home is less expensive than renting a house or apartment of comparable size.
|
 |
| Q |
What does "contingency" mean in real estate?
|
| A |
A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence." |
See More Real Estate Trivia > |
|
|
|
|