Blog :: 03-2016

Quick Single Family Homes Market Snapshot of January And February 2015 vs 2016 in Reading, North Reading and Lynnfield MA

Quick Market Snapshot Comparison between January & February 2015 and 2016 ? 3 Towns North of Boston: Reading, North Reading, Lynnfield

I?m interested in seeing what the entre first quarter of 2016 looks like in comparison (when the data comes out next month!), however, here is a quick comparison of first two months of single family home sales in Reading, North Reading and Lynnfield Massachusetts in 2015 and 2016.

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Tax Breaks for Homeowners 2016

Homeowners, here are some helpful tips regarding deductions you can take! Remember, always consult with your Financial Advisor or Accountant.

Points on Home Mortgage and Refinancing. If you have bought a home in 2015 by availing mortgage, then apart from the mortgage interest, you can also write off the points on your tax return. Simply put, ‘points’ are the fees you pay to the lender for getting the loan. One point is equal to one percent of the principal loan amount. The fee varies from one point to three points depending on the trend prevalent in the area. Full deduction can be claimed for the points, provided they pertain to the purchase of the home.