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#1 Realtor
Judy Dewey is in our opinion the #1 Realtor in Bullhead City. If you are looking for honesty, integrity, and 24 hr. availability, then give Judy a call! She is definitely a seasoned veteran in real estate, and knows the ins and outs of the process of buying, selling, and marketing your property. She has become a very good friend over the few years since we first asked her to represent us. We wouldn't consider anyone else for our Real Estate needs.
Erich and Marilyn Kohler
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First Time Buyers >The Down Payment
Perhaps no single decision in a real estate purchase has more variables than "How much money do I put down?" Conventional wisdom centers around either putting down as much as you can or as little as the lender allows.
If you put down a large payment, you get some leverage with the lender, such as little or no mortgage insurance, a good equity position, and perhaps a preferred mortgage deal. You will also have lower mortgage payments. One potential disadvantage of a large down payment is that you will be using after-tax dollars on which you could be earning interest. You will also have less tax-deductible interest.
When you buy a home with a low down payment, you will have more tax deductible interest, and your investment value percentage will increase faster. You will have little equity at the outset, and your monthly mortgage payments (and perhaps your interest) will be higher. However, you will also keep more of your own money in hand to potentially earn more interest in other investments.
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| Q |
What is the maximum interest you can deduct on your federal tax return to purchase or improve a first or second home?
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| A |
One of the greatest benefits of home ownership is the federal tax deduction for interest up to, but not exceeding, $1million. |
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- NUMBER1EXPERT™ 
