On this past weekend's episode of "Open House with Team Reba" Reba and Eric covered a number of really great topics, including PMI tax deductions, local market snapshots, refinancing, and detached additional dwelling units (DADUs).
First up PMI Tax Credits:
Congress actually did a good thing, can you believe it!? They reinstated the mortgage insurance premium tax deduction for eligible borrowers - and it applies retroactively from 2018-2020. What that means is if you paid less than 20% in downpayment and incurred PMI costs, you could be able to recoup those costs! Listen in to find out more.
Local market snapshots:
Team Reba is rolling out a new benefit for our clients, automatic local market snapshots sent to your inbox. This will allow our clients to stay up to date on which homes were listed and sold in their neighborhoods so that they can have a better understanding of what their home may be worth. Want one sent to you? Just reach out to info@teamreba.com
Refinancing:
Eric breaks down why now may be the best time to refinance. He gives several sample scenarios and talks about how much you could save in both payments and in the time it takes to pay off your mortgage. Listening to this could save you thousands and paying off your mortgage early!
Detached additional dwelling units (DADUs):
This city of Seattle is all about DADUs, and if you have the room to build one, you could have a new stream of income. Listen in to find out more!
If you have any questions on any of the above topics, or any real estate/mortgage-related topics, feel free to reach out to us at info@teamreba.com, we'd love to hear from you.