Tag: Personal Finance

Posted on 02/16/2020
Step-Up Basis and Real Estate
Image by Steve Buissinne from Pixabay Suppose you’ve inherited your parents’ longtime home. Suppose they paid $100,000 for it, and it’s now worth $300,000. Had they sold it while it was in their possession, they would have avoided paying capital gains tax due to the Taxpayer Relief Act of 1997. Now that it’s yours, has that tax avoidance...
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Posted on 06/09/2019
Looking to Get a Second Mortgage?
A second mortgage is a loan that enables you to take funds against the value of your property's equity above your primary mortgage. An asset like a home has every tendency to gain value over time. Second mortgages are an excellent means of using your property for other projects without selling it outright. What is a second mortgage?...
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