Taxes

• Tax Planning

Planning

• Financial Planning
  Consider the two major financial components in home buying: (1) true home value and (2) objective financial planning. If Bob and Sally paid $100,000 for their dream home, but it only had a true value of $90,000,then the value (equity) of their home investment diminished substantially at the time of purchase. If the house had to be sold the next day, they might easily lose over $10,000, and the savings they had accumulated for years. Similarly, if the loan interest rate was 8%, yet the same loan could have been obtained elsewhere for 7.75%, Bob and Sally would pay a premium in their mortgage payments every single month, possibly for as long as 30 years.