Sentences with phrase «advantage of the principal residence»
That first step would be to buy your principal residence and it's so important to take advantage of the principal residence exemption.
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Taking advantage of the principal residence exemption and enjoying the home.
Not exact matches
have always advocated the advantages of simply buying and holding your principal residence.
When a family owns more than one principal residence, it would likely make sense for them to designate each property for at least one year to take advantage of the «1 +» part of the formula.
«I would pay their principal residence off faster than the rental property because of the tax advantages,» says Garbens.
To take advantage of the credit, the eligible taxpayer must buy, or sign a contract to buy, a principal residence on or before April 30, 2011.
Note: Borrowers are not eligible for a new FHA - insured mortgage if they pursued a short - sale agreement on their principal residence simply to take advantage of declining market conditions to purchase a similar or superior property within a reasonable commuting distance at a reduced price, as compared with current market value.