How To Deduct Mortgage Interest From Your Taxes
Did you know that owning property has tax incentives as a “mortgage interest deduction?” This article will outline what a mortgage interest deduction is, its limits, and how to include this deduction in your taxes. What counts as a “Mortgage Interest Deduction”? The mortgage interest deduction is a portion of your itemized tax deductions –the […]
“How Much Money Do I Need to Buy My First Home?”
Buying a home is one of the most important decisions you can make. Plus, considering current low mortgage rates, homeownership has never been more appealing and affordable. In this article, we’ll break down how much you need to purchase a new home before the year ends, plus we’ll explain the typical expenses you’ll encounter when […]
How Much Down Payment Do You Need To Buy A Home?
If you’re considering buying a home, you might wonder how much is required as a down payment. Here is a quick run-down of the requirements of the down payment per loan type. Do You Need To Put 20% Down On A House? You’ll often hear the down payment expressed as a percentage. For example, a […]
How Does APR Work In A Mortgage Payment
When you shop around for a loan, you may encounter the term APR or annual percentage rate. Some people think that interest rates and APRs are the same, but in reality, there are subtle differences between the two. This article will explain what an APR is, how it’s calculated and applied when deciding which loan […]
How Does a Home Improvement Loan Work?
Home renovations can be expensive, and saving up for extensive improvements could take years. Fortunately, you can fast-track your goals with a home improvement loan. Home improvement loans allow you to use the equity in your home to fund your home renovation. Benefits of a Home Renovation Project Increased Home Value Prospective home buyers are […]
How Do Mortgage Lenders Decide How Much You Can Borrow?
When you apply for a loan, your mortgage lender informs you of the maximum amount you can borrow, and this will help you get an idea of how much house you can afford. The question most buyers ask is how they reach this amount and what factors influence their decision? Read on to understand the […]
“How Do I Get a Mortgage Loan If I’m Self-Employed”
We know that getting a mortgage as a self-employed individual can be more challenging than a W2 employee. This is not a reason, however, to let go of your dream to own a house. Follow our tips below for a smooth mortgage approval experience as a self-employed home shopper. What Lenders Are Looking For? Self-employed […]
Guide To Qualifying For A Mortgage As A Non-U.S. Citizen
Owning a home is still very much a part of the American dream. However, did you know that non-U.S. citizens can also enjoy this? While there are challenges to homeownership if you are not a citizen, know that lenders are open to extending credit to non-citizen homebuyers. Let’s look at how you can qualify for […]
Everything You Need to Know to Refinance Your Mortgage
We know that getting a mortgage as a self-employed individual can be more challenging than a W2 employee. This is not a reason, however, to let go of your dream to own a house. Follow our tips below for a smooth mortgage approval experience as a self-employed home shopper. What Lenders Are Looking For? Self-employed […]
Discover Your Home Equity Options
One of the pluses of property ownership is the opportunity to build equity. If there’s ever a time that you need a considerable amount of cash (such as for paying off debt or a home remodel), you’ll have access to it by borrowing against your home equity. That’s essentially the purpose of a home equity […]
