|
Q |
What is the maximum interest you can deduct on your federal tax return to purchase or improve a first or second home?
|
| A |
One of the greatest benefits of home ownership is the federal tax deduction for interest up to, but not exceeding, $1million.
|
|
|
Q |
Who is "Fannie Mae" and why is she a big name in real estate?
|
| A |
"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders.
|
|
|
Q |
What five basic components of a "smart home" can be controlled by technology?
|
| A |
Lighting and window treatments, security and access control, data communication, environmental/energy management, and audio/video entertainment can all be operated by a "smart home".
|
|
|
Q |
|
| A |
|
|
|
Q |
Fewer than 2 percent of homeowners build this type of home:
|
| A |
Fewer than 2 percent build a custom home; most buy an older home or select from a home builder's menu.
|
|
|
- NUMBER1EXPERT™ 
See More Real
Estate Trivia >
