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Landmarks of Washington State: The Fremont Troll
February 20, 2017 /When my parents told me we were going to see the troll under the bridge, I was a little worried. For one thing, I was five years old, the age when one still imagines that monsters live under the bed. Also, I’d originally been told that we were going to the beach: as recent transplants from New Jersey, my parents failed to realize that Washingtonians don’t visit any kind of seaside locale outside of August, and so they’d promised to drive the family to Alki Beach on February 15th, 1995. You can imagine my dismay when we arrived and found a grey waste of fog and mist hovering over the steely edge of the Puget Sound. As I recall, my tiny Hawaiian shirt, flip-flops, and white tube socks (essentially the miniature version of a middle-aged man’s attire during a vacation to Miami) were particularly unsuitable for the situation. Since there was little point building sandcastles in 30 degree weather, my parents came up with a backup activity: visiting the Fremont Troll. Though the Fremont Troll has become a major Seattle landmark, back then it was a relatively new addition to the city. The troll (which, for no apparent reason, I’ve…Read more
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Five Tax Breaks for Homeowners
February 10, 2017 /Now that it’s February, most of us have probably emerged from our flabbergasted holiday stupors and (with the help of a strong cup of coffee), finally achieved normalcy just in time for tax season. However, before you panic and begin overturning couch cushions to find the receipts you foolishly lost back in September, it’s useful to remember that plenty of helpful tax breaks exist for homeowners. Tax breaks for homeowners vary widely according to each person’s unique situation. Even so, it helps to be aware of the general options available for homeowners looking to save money during the tax season. Read on to learn more about how your home can help you save money when it comes time to file. Deductions for Mortgage Interest The interest American homeowners pay on a mortgage is tax deductible. For those who are married and filing jointly, it’s possible to deduct your interest payments for mortgages totaling as much as $1 million. Additionally, private mortgage insurance payments are deductible for those homeowners who took on a mortgage after 2006. Overall, these tax breaks make a big difference when it comes to alleviating the financial burden of homeownership. In fact, in 2011 American homeowners benefited…Read more
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No Need to Fear the Downpayment
February 3, 2017 /New homeowners are liable to get nervous when it comes to applying for a mortgage. Many people have trouble sifting through the real estate terminology and the legal requirements of buying a home. However, if there was one aspect of buying a home that makes people the most nervous, it’s probably the downpayment. If making a downpayment is stressing you out, you should know there are many ways to obtain downpayment assistance, or even secure a mortgage without any downpayment at all. So, if you’re a buyer who wants to make a very low down payment or avoid one altogether and maintain maximum liquidity, check out some of the options outlined below. State Bond Loans In general, State Bond Loans help buyers secure a loan at below-market interest rates. The exact rates offered through State Bond Loans vary, but they generally increase long-term affordability and decrease monthly home payments. These bonds are available through local housing agencies, which sell tax-exempt mortgage revenue bonds and then use the income from these sales to offer below-market rate loans to buyers. This type of loan looks a little different depending on the state you’re living in. The Washington State Housing Finance Commission is the organization…Read more
