Posts Tagged ‘tax savings’
When to Pay for Mortgage Points in DC, MD & VA (w/ Examples)
Should You Pay Points To Lower Your Mortgage Rate? A 2026 Guide for DC, MD & VA Homebuyers By John Downs – Certified Mortgage Advisor Ever since rates spiked in 2022, I’ve been getting this question all the time: ‘John, should I buy mortgage points to buy down my mortgage rate?’ It’s a big decision…
Read MoreFirst-Time Homebuyers: How To Validate Your Mortgage Tax Savings
So you ran my tax savings formula from the last video, and it says you’re getting a $10,000 refund? Sounds great — but two questions probably come to mind: Is that formula actually accurate? Even if it is, how do I get that refund money back now — not just at tax time? In this…
Read MoreMD, VA, DC Mortgage Interest Tax Deduction: 2024 Guide
This page has been updated for 2026.SALT cap has increased to $40,400, PMI is now deductible, and the mortgage interest deduction has been made permanent. Visit our updated guide with an interactive calculator: [2026 Mortgage Interest Tax Deduction Calculator →] 2024 Mortgage Interest Tax Deduction: What First-Time Homebuyers Need to Know By John Downs -…
Read MoreDC Transfer Tax Reduction Program for First-Time Home Buyers
Save Up to $5,630 on Closing Costs: DC First-Time Homebuyer Transfer Tax Reduction 2026 First-time DC buyers: Qualify with incomes up to $206,640 (1-person household) and homes ≤ $777,000 by reducing your recordation tax from 1.45% to just 0.725%. Get Approved Now Schedule Strategy Session Buying Your First Home in DC? Here’s a Huge Opportunity…
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