Mar 28
Interest on home equity loans is still deductible, but with a big caveat Many feared that the new tax law — the Tax Cuts and Jobs Act of 2017, enacted in December — was a death knell for deducting interest from home equity loans and lines of credit. These loans are based on the equity in your home …
Dec 05
If you want to pay off your mortgage early, here are 4 ways to do it If you can afford it, it might be simple to pay off your mortgage earlier. But should you? That’s a complicated question. Homeowners with low mortgage rates may be better off putting extra money in a Roth IRA or …
Dec 19
Yes, you can buy your new home with as little as a 3% down payment! There is a common misconception that many buyers have regarding the down payment necessary to purchase a home. Multiple studies reveal that 40-50% of Americans believe you need between 15-20% of a down payment to be eligible to purchase a home. …
Apr 02
Whew! You did it! Got your offer accepted for the house you just fell in love with! Smooth sailing ahead, eh? Well, almost… The next hurdle will be getting your loan papers signed. And, that’s when you must remember what NOT to do! One of the most important things for Buyers to remember is the …
Dec 03
There is more and more research coming out showing that it makes great financial sense to purchase a home today. Purchasing a home right now is a bargain compared to historic norms whether it be rent vs. buy ratios, income-to-price ratios or income-to-mortgage payment ratios. In addition to these benchmarks, it is interesting to look at the COST of a …
Jul 15
The 4 C’s of Mortgage Underwriting With … new buyers out looking for houses, I thought today might be a good time to review the basics of what lenders look for as they decide to approve (or deny) mortgage applications. For at least 25 years, I have heard them called “The 4 C’s of …
Jul 13
Question: I am considering a relocation move, and just had an appraisal done on my townhouse. It came in at $419,000, which means that I am about $15,000 underwater on the property. I don’t know if I could sell at the appraisal value, as there have been no comparable sales in my neighborhood for 18 …
