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Dorothy's Testimonial
"We think that Benny & Susan are outstanding Realtors. When we decided to sell our home at Table Rock Lake and move back to the St. Louis area, I mentioned it to Benny and Susan. I told them that we were going to list our house when we returned from a trip that we had planned. Benny immediately said I have a client that I believe will be interested in your property. He said I will contact him and make arrangements to show the property to him. We were gone two days when Benny called to tell us that he had a contract for a full price offer for us. We accepted the offer and had a very smooth sale and closing.
It is no wonder they are the top producers in their office. We highly recommend them for all real estate transactions."
Dorothy and Wayne Jacobi, Fenton, Missouri
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Financing Your Home >Credit Card Mania
Most people know that a checkered credit history can disqualify you for a home loan, and maxed-out credit cards can do the same thing. But what most people don't know is that merely having a large number of credit cards, even with low balances and a history of timely payments, can disqualify you for a home mortgage loan just as quickly.
According to credit experts, having a number of credit cards can be just as detrimental to the granting of further credit as a history of late payments. Lenders look at it this way: If you have ten credit cards, each with a limit of $5,000, that means you have the potential to run up $50,000 in debt virtually any time you choose. That mere possibility makes you a greater risk, from their point of view.
The moral of the story? If you are planning to apply for a home loan in the future, keep only those credit cards you actually need to use and cancel the others.
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What is the maximum interest you can deduct on your federal tax return to purchase or improve a first or second home?
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| A |
One of the greatest benefits of home ownership is the federal tax deduction for interest up to, but not exceeding, $1million. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERTS™ 
