1. Homeownership: How to Achieve Your Financial Goals

2. Should You Buy or Rent? Purchasing oMortgage oDown payment oPoints oAdditional fees oTax deduction

3. Should You Buy or Rent? Renting? oNo mortgage oNo down payment oFirst and last plus security oSet rent oNo tax deduction

4. Should You Buy or Rent? Insurance oHomeowner’s or renter’s oLiability Property taxes

5. Should You Buy or Rent? Fees oAssessment oAssociation oMaintenance Upkeep and improvements

6. Should You Buy or Rent? Time Job situation Family status Age

7. Can You Afford It? Housing expenses Down payment Recurring debt

8. Can You Afford It? Qualifying Pre-approval Compare rates

9. Mortgage 101 Sources for loans Types of mortgages oFixed rate oAdjustable rate oHybrids

10. Mortgage 101 Points Mortgage payment oPrincipal oInterest oTaxes oInsurance

11. Tax Advantages of Owning Points Interest Property taxes Refinancing write-offs

12. Tax Advantages of Owning Interest on equity loan Losses Capital gain exclusion

13. Tax Consequences of Owning Not deductible oClosing costs oCommissions oInsurance oDues and fees

14. Using Equity Wisely Equity = value minus owe Banks loan up to 80% Interest tax deductible Best for one-time expenses

15. Using Equity Wisely Equity loans oProvide lump sum oFixed term oLocked-in rate oSet monthly payment

16. Using Equity Wisely Lines of credit oOffer flexibility oIdeal for irregular expenses oHelpful for higher income families oUse as needed oVariable rate

17. Using Equity Wisely Avoid creating new debt Could lose house Shop for best rates Read paperwork carefully

18. Owning Additional Property Rental property oSteady cash stream oProfit on sale oTax deduction Vacation home

19. Owning Rental Property Various kinds oReal estate investment trust oDirect investment

20. Owning Rental Property Selection criteria oLocation oProperty condition oCosts

21. Owning Rental Property Other considerations oTenants oRent oLease agreement

22. Owning Rental Property Other considerations oLegal restrictions oInsurance coverage oMaintaining occupancy oHousing market

23. Owning Rental Property Tax aspects oProperty taxes oIncome taxes oExpense deduction oRecapture depreciation oCapital gain or loss

24. Owning a Second Home Tax aspects oMortgage interest oProperty taxes Minimal rental oRental income tax free oExpenses not deductible

25. Owning a Second Home Combined use oIncome taxable oDeduct expenses Maximum rental oQualifies as rental property oDeduct more expenses

26. Owning a Second Home Complicated rules oRepair days don’t count oFriends may count Selling the property oNo capital gains exemption (most) oPrincipal residence (2/5)?

27. Thank You!