Mortgage

With our economy like it is and with many folks operating a small business from their home, the income tax deduction for “Office in Home” can save some income tax.

I’m going to suggest that you keep this weekend’s plans flexible. There’s only a chance of rain, but the chance of it showing up at the wrong time is always high. The very early morning is best spent watching the hot air balloons against the Reno skyline, but you’ll probably want a sweater for the pre-dawn chill. Head up the hill to Virginia City this weekend. If you’ve never been to the annual International Camel Races, you’ve been missing out. Keep reading, there’s something for everyone on this list. Find your fun.

SATURDAY:

Many of our readers have probably not heard of Warrick Dunn, former running back for Florida State University and the National Football League’s Tampa Bay Buccaneers and Atlanta Falcons.

Dunn had a great college career, winning a national championship with the Seminoles in 1993. He followed his college success with a very good twelve-year career in the NFL. He made the Pro Bowl three times, although his successes were overshadowed by the likes of Shaun Alexander, Adrian Peterson, and Corey Dillon.

Many folks believe home mortgage interest rates will increase in the near future. If you have an adjustable-rate mortgage or a high fixed rate mortgage you got some years ago, maybe you should look into refinancing now.

Nevada Gov. Brian Sandoval signed several bills into law Tuesday and vetoed four. Additionally on Monday, he approved four veteran and military related measures at a Memorial Day ceremony in Boulder City.

Simmons also served as a past Board member of The Young Business Professionals in Carson City, and the Carson City Chamber of Commerce ...

Greater Nevada Mortgage has promoted Eva Simmons from Loss Mitigation Supervisor to Mortgage Funding Manager. She will be located in Carson City.

Silver Springs, Nevada - The monthly public meeting of the Healthy Communities Coalition of Lyon and Storey Counties takes place at the Silver Springs Community Center at 9am on Thursday May 11th, 2017.

Guest speakers during the breakfast meeting include Diane Arvizo, Director of Homebuyer Services with Nevada Rural Housing Authority, and Heather Simola, Real Property Administrator with Nevada Rural Housing Authority.

The State of Nevada Housing Division has raised the household income limit for its Home Is Possible programs, making even more Nevadans eligible for down payment assistance. Since the programs started in 2014, the income limit has been $95,500. In keeping with Nevada’s rising incomes, the limit has been raised three percent to $98,500.

What is paid for interest on qualified home mortgages can be an itemized deduction on Schedule A of form 1040. The 2016 form 1098 reports the amount of interest paid and some new additional information.

Longtime Carson City residents Sam Landis, Rob McFadden, and Mark Turner announced they will break ground on Mills Landing, a town house community designed to bring affordable housing to Carson City, in a ground-breaking ceremony Wednesday, March 22 at 9 a.m. at 1428 State Street in Carson City.

The Nevada Rural Housing Authority (NRHA) officially introduced a new suite addition to its office space — located at 3695 Desatoya Drive in East Carson City — Wednesday with a ribbon cutting ceremony and open house event for the public.


This event may not be as exciting as Major League Baseball’s Chicago Cubs triumph over the Cleveland Indians, ending a 108 year title drought, but anyone who ever attended Carson High School or Douglas High School knows that its rivalry has lasted equally as long.

In the aftermath of the Little Valley Fire that destroyed 23 homes and 17 outbuildings, Insurance Commissioner Barbara Richardson urges affected homeowners to be vigilant of fraudsters trying to take advantage during this devastating time. Any consumers affected are encouraged to contact the Division of Insurance if they have questions about insurance or need assistance with their insurance claims.

Join our team of industry leaders to see how easy it is to own a home in Northern Nevada!

Come join us and we will show you some of the loans that are available for the rural Nevada counties.

Learn about the Home At LastTM program sponsored by the Nevada Rural Housing Authority - you could up to a 5% grant that does not need to be paid back + the mortgage tax credit programs.

Academy Mortgage will discuss the advantages of the various loan programs, the loan process, and the documentation you will need to process your loan.

Are you thinking about buying a home soon?

Come to Lahonta Properties in Dayton on Thursday, November 3, 2016,at 6 pm to learn more about how to purchase a home in our area.

Lite refreshments will be provided.

• Learn how your credit score affects your interest rate AND
• How to get a free credit report.
• Do's and Don'ts during the buying process
• How you can get grant (Non-repayment required) money to assist with closing costs or downpayment assistance.
• Mortgage Tax Credit (MTC)
• Credit Repair programs
• The loan process and what documents you need to provide

Please join USDA Rural Development Nevada State Director Sarah Adler in welcoming our new Guaranteed Home Loan Program staff members Ticia Weare and Debbie Parra at an Open House on Friday, September 23, at the Carson City State Office, 1390 S. Curry Street from 9:00 to 11:00 a.m.

It isn't every day that a community is able to welcome the President of the United States but today is that day for south shore Lake Tahoe as it prepares for a visit by President Barack Obama.

The president is the keynote speaker at the 20th annual Lake Tahoe Summit at Harveys Outdoor Arena at Stateline. Nevada Sen. Harry Reid is hosting the event, which will be live streamed here.

In our last column, we explained that the financial collapse of 2007-08 was due much to collusion between private banks and government. Congressional mandates required lenders to issue mortgages to people who couldn’t afford them. Then, government agencies would purchase the faulty loans from the banks, thus relieving the banks of the risks.

Sometimes Hollywood hits a homerun.

For example, The Big Short, the movie account of the US financial collapse of 2007-09. Its all-star cast is notable. But we were skeptical from the sound bites used in previews and other promotional blather that this would be another anti-capitalist propaganda flick. We were wrong.

The House of Representatives recently passed and sent to the Senate a proposal to change the income tax laws for individuals. Changes for businesses is a topic for a different article.

It would change to three tax brackets of Zero-12 percent; 25 percent and 33 percent instead of the current seven brackets and some special rules.

PK or NOT PK - THAT is the question!

Who does PK fear? Who's the target for the hit pieces? Kramer! But no hit pieces on the other two guys. Why not? Sandoval's PAC can afford research - research showing PK behind Kramer - and the others back in the distance. Hence, hit pieces on Kramer. Yep - he paid off his home - taxes weren't paid by mortgage company - Al missed the notices and got small fines. Big Deal! And that's all the dirt Sandoval and the Elites could dig up on him??Must be a pretty good guy!

Ricky Garcia, 18, is preparing for the entrepreneurship competition at the National Future Business Leaders of America Convention in Atlanta from June 26 to July 3.

“They give you a situation and you have to come up with a solution,” he explained. “That’s something you have to know how to do in life, whether it’s in business or just personal stuff.”

The Nevada Rural Housing Authority was recognized last Thursday by the National Association of Local Housing Finance Agencies during its 2016 Annual Conference in Dallas, Texas.

NRHA received excellence awards in two categories: the Single-Family Excellence category in recognition of the Home at Last Program, and the Multifamily Excellence category in recognition of the Winnemucca Senior Campus project.

All children who turned 5 years old by Sept. 30, 2016 can register for Kindergarten for the 2016-2017 school year with Carson City School District. Contact your neighborhood school:

Jennifer Morrison has rejoined the Greater Nevada Mortgage (GNM) team to work with homebuyers and real estate professionals in Carson City, and the Washoe and Douglas County areas. Her office is located inside of the Greater Nevada Mortgage office at 4070 Silver Sage Drive in Carson City.

IRS Code Sec. 170(f)(8)(A) says no charitable contribution deduction for any contribution of $250 or more is allowed unless the taxpayer substantiates the contribution with a contemporaneous written acknowledgment (CWA) of the contribution by the donee organization (the charity).

It’s a perfect afternoon for a trip around the rink at the Arlington Square Ice Rink. School will be off for winter break next week, and the rink will have expanded hours for the occasion. Warm up inside with country dancing at Carson Lanes. Test your knowledge at Trivia night at Living the Good Life. For cool jazz and yummy food, Sassafras is the place to be tonight.

TUESDAY:

• ’Divergence’ by artist Katie Lewis at the CCAI Gallery in the Courthouse: 885 E. Musser (8am-5pm)

The Individual Income Tax Return, form 1040 allows for a deduction on Schedule A for charitable contributions. Schedule A lists the itemized deductions such as home mortgage interest, real estate taxes, government services tax on vehicle licenses, large medical expenses, employee business expenses, etc.

The entrance of companies like Tesla and Switch into Nevada means great things for the local economy. What they also mean are raising housing prices, as more and more people move into the Silver State, creating a housing shortage. This is good news for existing homeowners, but concerning for first-time homebuyers.

According to the Reno Gazette-Journal, “In January 2012, the median price for a home in northern Nevada was around $135,000. More than two and a half years later, home values have jumped by about 85 percent.”