"The taxes on capital gains are always a major concern whenever you consider any real estate sale.
You may not be aware of the 1997 changes to the capital gains tax code and how those changes may affect you when you sell your home. In general, a married couple who has owned and occupied their home for at least two of the past five years, can earn up to $500,000 on the sale of the home and pay no federal income tax whatsoever. A single person can earn up to $250,000-- completely tax-free!
Mortgage Ease is a full-service mortgage company that specializes in providing residential loans for all qualified buyers. With our low fees; low interest rate, tax-saving, refinance programs; and easy, secure application process, MortgageEase is the natural choice for your next home loan. Click here to apply for home equity, reverse mortgage, refinance.
Your MortgageEase counselor will help you to qualify for a home loan, determine which lending option is best suited for your needs; and guide you through the entire loan process from application to closing.
MortgageEase provides a list of easy to use calculators that are designed to help you figure out the best loan scenario and financing decision.
If you have additional questions regarding this, please call us and we'd be happy to recommend a tax professional to you. Our website (
http://www.mortgageease.com) should answer most of your questions, but your personal consultant is only a phone call away: Feel free to call us at 888-744-EASE (3273)
"
About the author:
I write articles for
www.mortgageease.comWe'rea full-service mortgage company that specializes in providing residential loans–for borrowers with all types of credit histories.
