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Randal Newhouse
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    Years of Experience: 30+

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Office: (972) 234-2468



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Remax Hinet All Cities
1401 N. Central Expressway # 100
Richardson, TX
(972) 234-2468


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Forced Savings With Frisco Real Estate

Sunday, May 2nd, 2010

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Forced Savings With Frisco Real Estate

 Some people are just lousy at saving money, and a house in Frisco is an automatic savings account. You accumulate savings in two ways. Every month, a portion of your payment goes toward the principal. Admittedly, in the early years of the mortgage, this is not much. Over time, however, it accelerates.

Second, your Frisco home appreciates. Average appreciation on a home is approximately five percent, though it will vary from year to year, and in some years may even depreciate.. Over time, history has shown that owning a home is one of the very best financial investments.

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Stable Monthly Housing Costs in Frisco

Saturday, May 1st, 2010

 

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Stable Monthly Housing Costs in Frisco

When you rent a place to live, you can certainly expect your rent to increase each year – or even more often. If you get a fixed rate mortgage when you buy a home, you have the same monthly payment amount for thirty years. Even if you get an adjustable rate mortgage, your payment will stay within a certain range for the entire life of the mortgage – and interest rates aren’t as volatile now as they were in the late seventies and early eighties.

Imagine how much rent might be ten, fifteen, or even thirty years from now? Which makes more sense?

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Frisco Foreclosure Income Tax Savings

Tuesday, April 27th, 2010

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Frisco Foreclosure Income Tax Savings

Because of income tax deductions, the government is basically subsidizing your purchase of a Frisco home. All of the interest and property taxes you pay in a given year can be deducted from your gross income to reduce your taxable income.

For example, assume your initial loan balance is $150,000 with an interest rate of eight percent. During the first year you would pay $9969.27 in interest. If your first payment is January 1st, your taxable income would be almost $10,000 less – due to the IRS interest rate deduction.

Property taxes are deductible, too. Whatever property taxes you pay in a given year may also be deducted from your gross income, lowering your tax obligation.

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Market Recap

  • Avg. Sales Price: 379,000

  • Avg. Days on Market: 69

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