FREQUENTLY ASKED QUESTIONS
Should I refinance? When should I refinance?
Many factors need to be addressed to properly decide.
A general rule of thumb if you plan to own your property for five years or more...
$125,000. divided by your mortgage amount.
Example 1: mortgage balance $250,000.
$125,000./$250,000. = .5
This means your new interest rate would have to be lower by more than one half of one percent to refinance.
Example 2: mortgage balance $62,500.
$125,000./$62,500. = 2.0
This means your new interest rate would have to be lower by two percent or more to refinance.
Will I get a tax benefit if I donate my car to charity?
The simple answer is, probably not.
Most taxpayers today take the automatic deduction instead of deducting their own medical, taxes, interest and charity total.
A note about those charities that take your car.
Most of the time no mney or very little money goes to the actual charity.
CharityWatch.org gives Kars for Kids a rating of D.
Good News Garage is different in that they fix the cars and give them to people. CharityNavigator.org gives them a 4 star rating.
My thought, sell your car and donate the money to the charity of your choice.
How can I know which accountant is right for me?
Does your accountant return your calls? Do you feel comfortable asking them a question? Do you feel heard? With the right accountant, the answers should be a resounding "Yes!"