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...
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...
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.
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.
“My Home Loan Has a Mortgage Rider --What Does That Mean?”
The term "mortgage rider" may sound like a big, brawny man on the back of a motorcycle --and when you're not sure what it means, it can make you feel just as nervous. But there really isn't anything to be wary about, that is, once you understand what a mortgage rider is.
For us, honesty...