The Tax Advantages of Your Home Loan or Refinance
Owning a home, whether it's a mobile home, single-family residence, townhouse, or condo, has many advantages --including tax perks! What's more, you may still reap the benefits even after you sell! However, to take full advantage of tax perks of homeownership, your tax filing will likely get complicated. In other words, you may have to itemize to detail your tax-deductible expenses. Still, others might find that claiming the standard deduction is best. Talk to your tax expert
How to Pay Off Christmas Debt To Buy Your First Home
You started the year motivated to buy a home by getting your finances in order and raising your credit score. But then the holidays hit, and you get off track. Maybe you dipped into your down-payment savings or added debt to your credit cards. While not the best choice when you’re looking to buy your first home, it's not unusual. Better yet, buying a home is still in your future! Use these tips for ideas on how to handle your Christmas debt and still qualify for a favorable r
How Points Affect Your Mortgage Calculation
Mortgage points are fees that you pay for a reduced interest rate. Essentially, you are paying for a discount, vaguely similar to Amazon Prime or a members-based warehouse store. By paying for points upfront, you are "buying down" the interest rate over the life of the loan. These points are different than "origination points." Origination points are fees payable to the lender to cover the cost of the loan. Wondering how much you can save by paying for mortgage points? Contac
Yes! It's Possible to Defer a Mortgage Payment
Can I Defer a Mortgage Payment? If you're looking into deferring a mortgage payment, it's likely that you are experiencing a temporary financial hardship. Deferring, or skipping a payment, is an option that may offer some relief to get you through this tough spot. There are advantages to postponing a mortgage payment during an unexpected financial crisis. The main benefit is that it can help you to avoid foreclosure on your home loan. Note that temporarily suspending a mortga
