Friebis & Associates - Accountants

12/27/2023

12/14/2023

11/20/2023

Did you know that for the first 1-3 years of your mortgage, you could potentially have a lower interest rate than the one you initially locked in? 🤩

A temporary buydown is a mortgage loan option in which the seller reduces the interest rate for the first 1-3 years of the homebuyer’s loan.

This can be a great tool for the seller, too, because it allows them to sell quickly without dropping the listing price.

Visit the blog to learn more about how a buydown works ➡️ https://bit.ly/40JrxtD

09/17/2023

Want to buy a house, but aren’t thrilled with where rates are at? Consider a temporary interest rate buydown.

Here's how it works. You'll lock in an interest rate, then it will be reduced by 2% for the first year. For the second year, your original interest rate will be reduced by 1%. Then, in year three and going forward, you'll have that original interest rate. There's no extra cost for the homebuyer — it's covered by the seller.

This example features a 2-1 buydown, but Waterstone Mortgage also offers 3-2-1 and 1-0 buydown options.

Learn more about how this could potentially help you save on your mortgage payments: https://bit.ly/460CKay

09/01/2023

Hurricane Idalia victims in Florida now have until February 15, 2024, to file various individual and business tax returns and make tax payments. Learn more: https://ow.ly/EP3G50PGsTF

07/01/2023

Student loan debt: the topic on many Americans’ minds lately.

If you’re a homeowner with student debt, you could potentially utilize the equity in your home to pay off your student loans with a cash-out refinance.

Without a monthly student loan payment, you can free up some cash each month and improve your debt-to-income ratio. Plus, some of the traditional fees associated with a cash-out refinance are waived for this program.

Visit the blog to learn more about how this works, or send a message and we can go over your options. https://bit.ly/42td3gM

06/16/2020

An extension to file is not an extension to pay taxes

For most taxpayers the filing and payment deadline was postponed July 15. Those who need more time to file beyond the postponed date, can request an extension to file. Taxpayers must request an extension to file by July 15. This gives them until October 15 to file their tax return. An extension to file is not an extension to pay. Taxes must be paid by July 15.

--> How to request an extension to file
To get an extension to file, taxpayers must do one of the following:
• File Form 4868 through their tax professional, tax software or using Free File on IRS.gov.
• Submit an electronic payment with Direct Pay, Electronic Federal Tax Payment System or by debit, credit card or digital wallet and select Form 4868 or extension as the payment type.

An automatic extension of time to file will process when taxpayers pay all or part of their taxes electronically by the Wednesday, July 15 due date.
Although the tax filing deadline has been postponed to July 15, 2020, the IRS continues processing electronic tax returns, issuing direct deposit refunds and accepting electronic payments.

The agency is now is back to processing paper tax returns sent by mail. However, taxpayers who mailed a paper tax return will likely experience a longer wait time. Those who have already mailed a paper tax return but, it hasn’t yet been processed, should not file a second tax return or write the IRS to check the status of their tax return or Economic Impact Payment.

06/16/2020

Excited for the celebration of our country's 244th anniversary! Come see our patriotic display in person!