Should You Choose a 15-Year or 30-Year Mortgage? When buying a home, one of the most critical financial decisions youâll face is choosing between a 15-year and a 30-year mortgage. This choice not only determines your monthly payment but also impacts the total interest youâll pay over the life of
One tax strategy that may not be as well-known is the ability to rent out your personal residence without recognizing the income. Otherwise known as the âAugusta Ruleâ or âMasters Exemption,â this provision allows you to rent out your personal residence without having to report the income on your personal