The decision of whether to buy a house in 2004 may seem daunting. Will prices increase? Will interest raises rise? How will the economy fare this year?
Lacking the skills and information needed to shop for the best mortgage products available in the marketplace, many low-income and low-wealth homebuyers and mortgage borrowers are saddled with high-cost mortgage debt.
More than a few people have filed 2003 returns with errors that IRS computers can easily detect. These errors occurred, accountants said, because many people in late January received incorrect interest, dividend and capital gains income statements - via consolidated Forms 1099 - from their brokers and mutual funds.
There are times when you're sorry you're a homeowner - like when your roof's leaking. But being a homeowner is usually good news at tax time because of the deductions you get.
The last thing you want to worry about when you are about to move into your new home is whether your electrical system works, whether the basement leaks, and whether you have an insured warranty to cover it.