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Factor in your mortgage payment, insurance costs, property taxes and reserves you’ll need for maintenance and updates. Meet with a mortgage broker or lender to review the options available for.
Property taxes must be deducted as an itemized expense on Schedule A. When you sell.. a homeowner had to use the sale proceeds to buy another house. In 1997, the law was changed so that up to.
However, if you're buying a home in, New York (or other high-tax. Most big- ticket items, such as additions to the house, a swimming pool,