Home Equity Line of

Presidential Bank: Home Equity Line of Credit Information Presidential Loan Products..... Lending Overview Home Mortgage Programs Apply Online for a Home Mortgage Home Equity Line of Credit Car Loans Commercial Lending Home Equity Lines of Credit Home Equity Line of Credit Loan Calculator Line of Credit Amounts: $10,000 to $300,000 Introductory Interest Rate: 1.25% APR for first 4 months To qualify for the introductory rate, your line must be activated within thirty days of settlement, with a draw of at least $10,000 in the first 30 days after the closing date. Interest Rate after Introductory Period: Loans of 30,000 or more: Prime Rate Loans of less than $30,000: Prime Rate +1% As of today, the Prime interest rate is equivalent to a rate of 7.25% APR, and 1.00% over the Prime interest rate is equivalent to a rate of 8.25% APR. The Prime rate use is the prime rate as quoted in the Wall Street Journal. APR is the Annual Percentage Rate, as computed under applicable federal regulations. After the introductory period, the interest rate is subject to monthly adjustment, as the Prime rate changes. However, the APR will never exceed 24%. Closing Costs Waived You pay absolutely nothing to establish your Presidential Home Equity Line. No closing costs -- no application fee -- no appraisal fee -- no points. This can save you hundreds of dollars! This no closing cost feature is subject to the terms and conditions of the Home Equity Line Agreement, which require that the line must remain open for a minimum of 42 months and that the finance charges must be at least $1,000 during the period the line is open. Tax Deductions Unlike credit card interest and other non-mortgage interest you may pay, you can deduct the interest you pay on a home equity line of credit for federal income tax purposes, subject to the requirements of the Internal Revenue Code. Drawing Against Your Line You may draw against your line at any time, simply by writing a check. Free checks are provided. Eligible Property Owner occupied single-family residences. Lending Area Nationwide (state restrictions may apply) Maximum Loan To Value Ratio The combined amounts of your first mortgage and the dollar limit on your Home Equity Line may not exceed 80% of the value of your home. Repayment Monthly payments are required, whenever the Home Equity Line of Credit has a principal balance outstanding. Principal may be prepaid at any time without penalty. The Line has an initial draw period of 15 years (180 months), during which advances may be made, followed by a repayment period of 8 years and 4 months (100 months). During the first 180 months of the term of the Home Equity Line of Credit, principal may be advanced and repaid at any time, subject to the approved maximum loan amount. Whenever a loan balance is outstanding, monthly payments of interest are required. After the end of the first 180 months, no further advances of principal will be made, and the line of credit must be repaid over the succeeding 100 months in monthly installments equal to 1% of the principal outstanding at the beginning of this repayment period, plus accrued interest. Other Terms All applications are subject to credit approval. Adequate property insurance is required. The minimum draw amount is $100. If you fail to qualify for the waiver of closing costs, you will be charged for your credit report, property appraisal, mortgage recording fees and other out-of-pocket costs of closing your loan; these costs generally total between $250 and $1,550. We will provide an itemization of the closing costs of your loan upon request. For additional information, see the Presidential Home Equity Line of Credit disclosure statement and the Home Equity Line Agreement. For additional information about Home Equity Lines of Credit: Read about it at The Federal Reserve Board . For Home Equity Line inquiries call: (800) 281-2771, or apply online . Presidential Bank's Privacy Notice . Deposit Products | Loan Products | Investments | Online Banking | About Presidential | News | Home email@presidential.com © 1995, 1999, 2002 - 2005 Presidential Bank, FSB last updated 12.14.05 lmm Member FDIC

Sell House

Tips for Selling Your Home Getting Your House Ready To Sell | Home Page | Search Our Listings | Tips for Selling | Why Advertise | List Your Home | Links | Enter Keyword Here These are tips that won't cost a lot but can make a big difference on the appearance of your home. It is amazing how just a little attention to the details will add that special appeal that the buyer is looking for! Pre-listing Inspection. Having your home inspected by a professional home inspector before you list is a recommendation from Dennis DiVito of Apex Home Inspections, LLC . Eventually your buyers are going to conduct a home inspection. You may as well know what they are going to find by getting there first. Having an inspection performed ahead of time helps in many other ways: It allows you to see your home through the eyes of a critical third-party. It helps you to price your home realistically. It permits you to make repairs ahead of time so that ... Defects won't become negotiating stumbling blocks later. You have the time to get reasonably priced contractors or make the repairs yourself, if you are qualified. It may encourage the buyer to waive the inspection contingency. It may alert you of items of immediate personal concern, such as radon gas or active termite infestation (not all inspectors offer these extra services, you can check for radon yourself). It may relieve buying prospect's concerns and suspicions. It reduces your liability by adding professional supporting documentation to your disclosure statement. Alerting you to immediate safety issues before agents and visitors tour your home. Copies of the inspection report along with receipts for any repairs should be made available to potential buyers. Be sure the inspector you use is insured and licensed or certified (if your state requires) or at least belongs to a professional organization such as NACHI, ASHI, NIBI. You can find an inspector nationwide at FindanInspector.us Clean up the outside. Curb appeal is the first impression of your house. Keeping the grass cut and the area tidy will help make a great first impression. Paint or wash the exterior of the house (including window casings, shutters, and doors). Wash the windows inside and out. Check the gutters and chimney. Touch up the interior. Put a fresh coat of paint in the most used areas of the home. This will clean as well as brighten up the rooms. Wash the walls where paint is not appropriate (i.e. wall paper, paneling). Wash all floors and bathroom tiles. Shampoo dirty carpets. Get rid of clutter. Clean out your closets, garage, basement and attic. Use self storage if necessary. Replacing air filters will help keep the dust down. Replace bathroom and kitchen fixtures that are worn or leaking. People will notice a leaking or worn-out faucet. By replacing these items, you will give a new look to the room. Clean under the sinks. If there is any leaks fix them. Then clean up the damage using contact paper or paint. Get rid of any bad smells in your home. Pay attention to pet or cigarette odors. Place scented potpourri around the house. On the day you're expecting a potential buyer, pop a batch of frozen cinnamon rolls or home-made bread into the oven for a great aroma. Use a title company to handle the closing. A title company can handle the title search and paper work for a very small fee. It is well worth the cost. Other Great Resources FSBO How-To is a complete do-it-yourself home selling guide. Sell without an agent and save thousands. Click Here for the "FSBO How-To" eBook! Becoming A Fsbo-For Sale By Owner - A guide for the preparation and sale of your home. The Bowen Family Homes commitment to the American family is unprecedented in the building industry, from our architectural designs and choice of community locations to our exceptional home warranties. Having a new house built? Get involved in the building process of your home! - HOMEBUYER FRIENDLY system provides you with a step by step guide to self-inspection of your new home or addition. Electronic Appraiser's Online Article: Our first article is geared towards sellers who are listing their home with an agent . The article focuses on why its important for a home owner to know the value of their property prior to letting the selling agent set the asking price. Electronic Appraiser's Online Article: The next article was written for consumers who are taking the FSBO Challenge and are trying to sell their homes on their own. It highlights how an automated valuation report can provide them with valuable information they need when putting their home on the market. Electronic Appraiser's Online Article: The third article is geared towards home buyers. No one likes to pay too much for a property and the article explains how home buyers can have added negotiating power when they bring our product to the negotiation table. Home Loan Refinancing from Mortgage Research Center Local Rate Source - Get up to 4 quotes from local lenders! Get a Low Interest Home Loan Free Home Equity Loan Quotes Download quality real estate forms designed by attorneys. Click here! Home Sales Packages - Legal Forms for Home Sales and Contract of Sales Downloadable Legal and Business Forms Buying or Selling? Find Out Whats Worth! ElectronicAppraisers online Home Valuation reports, give instant accurate results. Get Your Home's Value Plan To Sell A Home? Compare REALTORs first! REALTORS- More leads = more $$$$. Get leads now! Save on REALTOR Fees. Let listing agents compete for your business! Review REALTORS Anonymously Guaranteed lowest cost Home Equity Loans Improvements Catalog Improvements Newsletter We have found a great web site that provides insider's information to help you avoid the many potential pitfalls of having a new home built. Click here to visit Home Building Pitfalls Search for homes from $10,000 at Bargain.com ! New members search FREE! Click here for Bargain.com ! House n Home Building Cost Guide - House n home building provides a guide to build your home, house construction cost guide, new residential and will save your thousands. Post Your FREE Resume Today to attract top employers! Save $50.00 and fill a job fast on Monster.com! Saving for College with Upromise is Easy! Square Footage: Bedrooms: Bathrooms: min: 0 1000 1250 1500 1750 2000 2250 2500 2750 3000 3250 3500 3750 4000 4500 5000 6000 7500 1 2 3 4 5+ 1 1-2 2-3 3+ max: 0 1000 1250 1500 1750 2000 2250 2500 2750 3000 3250 3500 3750 4000 4500 5000 6000 7500 7500+ | Home Page | Search Our Listings | Tips for Selling | Why Advertise | List Your Home | Links | Visitors to This Page Since December 16, 2001: Free counters provided by Andale . For comments on this page please contact the Webmaster for Sold By Owner. All rights reserved. Disclaimer: Sold By Owner does NOT sell real estate. Sold By Owner only provides space for advertising homes that are being sold by the property owner. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Buy Property

Amazon.co.uk: The Complete Guide to Buying Property in France: Buying, Renting, Letting and Selling: Books BOOK SEARCH BROWSE CATEGORIES SPECIAL OFFERS TOP SELLERS AUDIO BOOKS Paperbacks 3 for £12 NEW & USED TEXTBOOKS HARRY POTTER SELL YOUR BOOKS All Products -Books -Used Books -Collectable Books All Subjects -Art, Architecture & Photography -Audio Cassettes -Audio CDs -Biography -Business, Finance & Law -Children's Books -Comics & Graphic Novels -Computers & Internet -Crime, Thrillers & Mystery -Fiction -Food & Drink -Gay & Lesbian -Health, Family & Lifestyle -History -Home & Garden -Horror -Humour -Mind, Body & Spirit -Music, Stage & Screen -Poetry, Drama & Criticism -Reference & Languages -Religion & Spirituality -Romance -Science & Nature -Science Fiction & Fantasy -Scientific, Technical & Medical -Society, Politics & Philosophy -Sports, Hobbies & Games -Travel & Holiday -Young Adult All Subjects Art, Architecture & Photography Audio Cassettes Audio CDs Biography Business, Finance & Law Children's Books Comics & Graphic Novels Computers & Internet Crime, Thrillers & Mystery Education & Languages Fiction Food & Drink Gay & Lesbian Health, Family & Lifestyle History Home & Garden Horror Humour Mind, Body & Spirit Music, Stage & Screen Poetry, Drama & Criticism Reference Religion & Spirituality Romance Science & Nature Science Fiction & Fantasy Scientific, Technical & Medical Society, Politics & Philosophy Sports, Hobbies & Games Travel & Holiday Young Adult BOOKS INFO At A Glance Reviews Customer Reviews Search Inside! See more by this author E-mail a Friend About This Item Recommendations If you already own this, rate it and improve your recommendations , Not Rated Visit the Music shop Careless Love ~ Madeleine Peyroux (Artist) Find a huge selection of books at 30% off Become an Associate Join our Associates Programme and make money from your website! The Complete Guide to Buying Property in France: Buying, Renting, Letting and Selling Charles Davey Search inside this book List Price: £9.99 Our Price: £8.21 & eligible for Free UK delivery on orders over £15 with Super Saver Delivery. See details & conditions . You Save: £1.78 (17%) Availability: usually dispatched within 4 to 6 weeks. Please note that titles occasionally go out of print or publishers run out of stock. Learn more 2 Used & New from £7.39 See larger photo Edition: Paperback More Product Details Perfect Partner Buy The Complete Guide to Buying Property in France: Buying,... with Buy to Let in France: How to Invest in French Prop... today! Total List Price: £20.98 Buy Together Today: £15.90 Customers who bought this item also bought: The French Property Buyer's Handbook: Everything you need to know about buying a house and moving to France ;Paperback~Natalie Avella Buying a House in France: Where and How to Do It (Buying a House S.) ;Paperback~Andre de Vries Buying and Renovating a Property in France ;Paperback~Richard Whiting Going to Live in France: Your Practical Guide to Life and Work in France ;Paperback~Alan Hart Buying a Property in France: The Ultimate Guide to Buying , Selling and Letting (Red Guides) ;Paperback~Leaonne Hall, et al Explore similar items ... Product Details: Paperback 256 pages(June 30, 2004) Publisher: Kogan Page Language: English ISBN: 0749442611 2nd Edition Category(ies): Home & Garden Other Editions: Paperback Average Customer Review: | Write a review Amazon.co.uk Sales Rank: 9,753 (Publishers and authors: improve your sales ) sign in to turn on 1-Click™ ordering. 1 new from 8.21 1 used from 7.39 Have one to sell? (We'll set one up for you) View my Wish List . Reviews Business Plus "This book is full of practical, expert advice" --This text refers to the Paperback edition. Everything France , October 2003 "Packed with practical, expert advice, this is an indispensable guide on how to avert disaster when purchasing a French property." --This text refers to the Paperback edition. See all reviews... New! Search Inside! ( Learn More ) Search inside this book: You can view sample pages from this book. Customer Reviews Avg. Customer Review: Write an online review and share your thoughts with other shoppers! 24 of 24 people found the following review helpful: To the point and informative , March 3, 2004 Reviewer: orchardsam from FARNHAM, SURREY United Kingdom This is one of the more informative guides probably because the author is a legal brain and so understands the contract process. Additionally, there is a helpful summary of the different regions, their attractions and shortfalls and a good explanation of the considerations for running costs for a house in France. Highly recommended. --This text refers to an out of print or unavailable edition of this title . Was this review helpful to you? 34 of 34 people found the following review helpful: factual, easy to read , September 18, 2003 Reviewer: Mr Robert Allen from Tadley United Kingdom Avery concise and well set out book, you can pick it up and find exactly what you want. The guide and map illustrations to the different regions are clear and the information given exactly what is needed. One of the best guides to understanding living in France that I have read and I would definitely recommend it --This text refers to an out of print or unavailable edition of this title . Was this review helpful to you? 108 of 108 people found the following review helpful: PRACTICAL AND COMPREHENSIVE , July 15, 2003 Reviewer: rbandrews from FRANCE Brilliant. Unlike other books on this subject the book is both thorough and easy to read. The layout is good, and information is easy to locate. More importantly it provides practical guidance and information in areas where other books are lacking. We have lived in France for a year now, and we wished we had had this book when we arrived. All the books we had read advised us to rent before buying, but none of them really explained what to do. This book has a great chapter explaining tenant's rights and telling us how to protect ourselves when we come to leave. What I like also is the information on how to settle, both the details about what is available for Brits in France, and how to settle within the French community - the author has clearly lived in France for some time. Anyone wanting to buy in France should take a look at the details about the many areas affected by flooding and termites, not to mention the subsidence in Normandy. We had not realised that one of the houses we were looking atis in fact in a risk area. This book is a must. --This text refers to an out of print or unavailable edition of this title . Was this review helpful to you? Customers who bought books by Charles Davey also bought books by these authors: David Hampshire Harry King Clive Kristen Andre de Vries Emma Gypps Look for similar books by subject: Browse for Books in: Subjects > Home & Garden > Buying & Developing Property > Property Guides Search for books by subject: Business & Economics Household Management Housing & property for the individual Personal Finance Personal Finance - General i.e., each book must be in subject 1 AND subject 2 AND ... Comment on this title I have read this book and I want to review it. I am the author and I want to comment on my book. I am the publisher and I want to comment on this book. Correct errors and omissions in this listing. Where's My Stuff? • track your recent orders • view or change your orders in Your Account Delivery and Returns • see our delivery rates and policies • thinking of returning an item ? (See our Returns Policy ) Need Help? • forgot your password? 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Real Estate Loan

Deductibility of Real-Estate Loan Refinancing Charges Deductibility of Real-Estate Loan Refinancing Charges By Steven V. Melnik E-mail Story Print Story With interest rates at all-time lows, many Americans are refinancing home loans. Because refinancing transactions usually cost thousands of dollars, it is important to know when refinancing expenditures are deductible. Loans Secured by a Principal Residence The IRC defines a principal residence as where the taxpayer spends the most time during any given taxable year. Consequently, principal residence status can change from year to year. As a general rule, taxpayers can deduct points paid for refinancing principal residence loans. IRC section 461(g) defines many fees as points, but only qualifying points are allowed as a deduction. Qualifying points are usually fees paid to the lender for a loan (see the Sidebar for a list of requirements). Loan application, processing, underwriting, and other fees are not deductible. Revenue Procedure 94-27 allows itemized deductions for qualifying points resulting from the purchase of a principal residence. Points paid for refinancing an existing mortgage, however, cannot be immediately deducted. According to IRC section 461(g), those points are deducted over the life of the new loan. To calculate the portion of those points deductible in any particular year, determine the deductible points for each loan payment and multiply by the number of payments made during that year (per payment amortization). For example, consider an individual who paid $1,800 refinancing qualifying points on a principal residence for a 30-year loan requiring 12 payments per year (a total of 360 payments). The $5 allowable deduction for every loan payment is calculated by dividing $1,800 by 360. Six loan payments during the year would result in a $30 itemized deduction, with unamortized points amounting to $1,770. Multiple Refinancing Activities Remaining refinancing points are generally deductible in the year when a second refinancing occurs with a different lender. In the example above, the remaining $1,770 first-loan points would be deductible that year. If the second refinancing is with the same lender, however, the remaining points and any new qualifying points paid would be deductible over the life of the new loan. Points paid during a refinancing transaction are immediately deductible to the extent the new loan is used to substantially improve a principal residence, assuming the requirements listed in the Sidebar are met. Substantial improvements, such as building an addition to a house, qualify. For example, a $60,000 loan from bank B to refinance bank A’s $40,000 loan and a $20,000 house addition would result in one-third of the newly paid qualifying points being deducted that year. Refinancing of Second or Vacation Homes Some Americans are investing in real estate as an alternative to stocks and bonds. Tax rules applicable to vacation and second homes differ from those for primary residences. Points paid for a purchase, substantial improvement, or refinancing of second and vacation homes are generally deductible over the life of the loan. The per-payment amortization method is applicable. Other refinancing-related expenditures increase the tax basis of the home. Rental Properties and Properties Used in a Trade or Business. When refinancing rental properties and properties used in a trade or business, all ordinary and necessary refinancing expenditures are deductible over the life of the loan. Refinance-related expenditures for rental properties are deductible on line 18, Form 1040, Schedule E; for properties used in a trade or business, expenditures are deducted on Form 1040, Schedule C. Other Deductibility Issues When sellers of real estate pay for points on the buyer’s behalf, they are not allowed to deduct those points, but can reduce sales proceeds. Buyers can deduct those points if the property basis is reduced by the same amount. All other refinancing-related expenditures, such as attorney, appraisal, bank, title, and other fees, are not deductible. They do, however, increase the tax basis of the home to the extent they are not deductible. Points are deductible when a cash-basis taxpayer itemizes deductions. Deductibility can be affected, however, when a taxpayer’s adjusted gross income reaches a certain threshold. (The 2003 threshold is $69,750 for married filing separately returns and $139,500 for all others.) The deductibility of refinancing-related expenditures depends upon the type of property securing the refinanced loan, as well as how the loan proceeds are used. The use of the property must be understood, because properties can be used for more than one tax purpose in any given year. It is important to be familiar with the tax consequences of refinancing transactions in order to derive the maximum benefit. Steven V. Melnik, LLM, JD, CPA , is Professor of Tax Law and Director of Graduate Tax Programs at Bernard M. Baruch College, City University of New York. May 2004 Issue Enlarge Cover Features Regulation of Professions by Interstate Compact 20 Questions onTrust, Medicaid, Insurance, and Asset Transfers Accounting for Stock Option Government Procurement Basics More This Issue | Past Issues Home | Contact | Subscribe | Advertise | Archives | NYSSCPA The CPA Journal is broadly recognized as an outstanding, technical-refereed publication aimed at public practitioners, management, educators, and other accounting professionals. It is edited by CPAs for CPAs. Our goal is to provide CPAs and other accounting professionals with the information and news to enable them to be successful accountants, managers, and executives in today's practice environments. ©2005 The CPA Journal. Legal Notices