Housing and Real Estate

Housing articles for authenticated users

Why does my mortgage payment decrease every year?
Mortgage payments are nominal (dollar) amounts. So as prices rise with inflation, the real amount of the payment (the payment measured in today's dolla...
Thu, 18 Jun, 2020 at 10:51 AM
One year in my plan has a large negative number in the Housing column, why is that?
A large profit on the sale of your home could be responsible for showing a large negative Housing amount. The calculation for this column can be seen in det...
Thu, 18 Jun, 2020 at 10:52 AM
Is my mortgage eligible for the higher pre-TCJA interest deduction limit?
The Tax Cuts and Jobs Act of 2017 (TCJA) reduced the federal income tax mortgage interest deduction from the amount of interest paid on $1,000,000 of debt t...
Thu, 18 Jun, 2020 at 10:52 AM
How do I see the impact of paying off a mortgage early?
For any mortgage on your currently owned Primary or Vacation home, you can simply enter an additional monthly payment amount (in either today's or nomi...
Thu, 18 Jun, 2020 at 10:52 AM
How do I model moving into a home I now rent?
If you own a home, which you rent, but into which you expect to move, please follow these steps. Enter the home (property A) as a property in the Real Est...
Thu, 18 Jun, 2020 at 10:53 AM
Interest Only Mortgage
Enter the interest payments as deductible special expenses for the years you will be paying interest only. Your existing home during this period should be ...
Mon, 22 Jun, 2020 at 11:03 AM
Inheriting or Purchasing Real Estate
If you will be inheriting or purchasing real estate in the future, you can use the real estate inputs.  Indicate "currently owned?" as NO Indic...
Wed, 24 Jun, 2020 at 12:39 PM
Mortgage Early Payoff and Extra Payments
Modeling the early payoff of a mortgage.  A. Assume you have the cash in regular assets to pay off the mortgage Create an Alternative Profile called “pay...
Thu, 29 Oct, 2020 at 7:22 AM
Future Housing Changes
You can add up to two future changes for both the Primary Residence and a Vacation Home in order to account for changes to your housing situation. If you s...
Thu, 20 Aug, 2020 at 12:16 PM