Finance

New rules for retirement plans starting in 2020

We are starting the new year with a new law congress recently passed that mainly affects retirement plans and distributions from retirement plans.  The law called the SECURE Act begins after December 31, 2019.  The major parts of the SECURE Act are outlined below. The RMD age is changing The… Read more »

Market Report for November

Tanya Chuck-Habib Broker / Owner Hudson Haven Realty LLC 75 South Riverside Ave., Suite A, Croton-on-Hudson, NY 10520 (833) HAVEN4U * (917) 747-7476 Tanya.Chuck-Habib@HudsonHavenRealty.com * www.HudsonHavenRealty.com  

Buyer’s Closing Costs

Everyone has heard of the ‘dreaded’ Closing Costs. Fear enters the process given the perceived – and too oftentimes – actual uncertainty as to what these Closing Costs might be. On top of this, the final amount is often disclosed to the buyer only a couple of weeks or even… Read more »

Property You Should Not Include In Your Will

There are many types of property that should not be included in your will, property that you may not realize is, or should be automatically earmarked for distribution upon your death. Jointly held property: A house or a bank account that is in joint names with another person will pass… Read more »

Is it time to REFINANCE?

Rates recently dropped and for some, this may be an opportunity to lower your rate and monthly mortgage payment saving tens of thousands of dollars over the life of your loan.  Generally, the more you owe and the longer your time horizon for keeping the mortgage, the smaller the spread… Read more »

What You Can Do to Improve Your Credit

Improve Your Credit: Credit scores, along with your overall income and debt, are big factors in determining whether you’ll qualify for a loan and what your loan terms will be. So, keep your credit score high by doing the following: 1. Check for and correct any errors in your credit report…. Read more »

Tips for Lowering Homeowners Insurance Costs

Lowering Homeowners Insurance 1. Review the Comprehensive Loss Underwriting Exchange (CLUE) report on the property you’re interested in buying. CLUE reports detail the property’s claims history for the most recent five years, which insurers may use to deny coverage. Make the sale contingent on a home inspection to ensure that… Read more »

Lender Checklist: What You Need for a Mortgage

What You Need for a Mortgage: W-2 forms — or business tax return forms if you’re self-employed — for the last two or three years for every person signing the loan. Copies of at least one pay stub for each person signing the loan. Account numbers of all your credit… Read more »

Get Your Finances in Order: To-Do List

The following will help you Get Your Finances in Order: 1. Develop a household budget. Instead of creating a budget of what you’d like to spend, use receipts to create a budget that reflects your actual spending habits over the last several months. This approach will factor in unexpected expenses,… Read more »

6 Creative Ways to Afford a Home

Here are some creative ways to afford a home: 1. Investigate local, state, and national down payment assistance programs. These programs give qualified applicants loans or grants to cover all or part of your required down payment. 2. Explore seller financing. In some cases, sellers may be willing to finance… Read more »