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 301-528-0022