Don’t miss any of these deductions! Tax time brings many benefits for homeowners! Prepaid interest deduction Mortgage interest deduction Vacation home tax deductions FHA and PMI mortgage insurance premiums Property tax deduction Energy efficiency upgrades
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3 Ways To Spend Less and Cut Down On Clutter
Use the time rule: Instead of throwing something into your online shopping cart and purchasing it right away, leave it in the cart for an hour, a day, or even a week to give yourself time to figure out if you really need/want that item. Use a shopping list: Always head to the store
Continue reading3 Annoying Mortgage Hurdles And How To Get Over Them
Flickr High debt ratio: Even if you have a stellar credit score and lot’s of money in the bank, a high debt ratio is a problem when trying to get a mortgage. If your housing payments and your credit obligations are greater than 45% of your monthly income, it
Continue readingHome Equity Loans
Freedigitalphotos.net After home equity loans became nearly non-existent due to the market conditions, they are slowly making their way back. Here are 4 quick things to know about these loans: Equity is a must: You must have at least 20% equity in your home before you can qualify
Continue readingNew Year’s Resolution: Saving For A House
Realtor Mag Freedigitalphotos.net For many of us, starting a new year means setting goals to achieve in the coming months. For some of us, one of these goals may be saving for a home. How long does it take to save?: 37% of recent home buyers said it took them 6
Continue readingHow To Obtain A Mortgage With Better Terms
The Herald-News Home life Flickr.com Credit issues: Many consumers may have bad credit and not even realize it due to errors on their credit report. It’s vital to get a copy of your credit report and to go over it carefully, ensuring that any errors found are reported and fixed. If
Continue readingAdding Value With Home Renovations
Herald News Home-Life Flickr Kitchen: Homeowners usually spend a lot of time in the kitchen so an updated kitchen is very desirable to most buyers. A dated kitchen, even if the rest of the home is updated, can take away from the home’s value. Sellers can expect to get back
Continue readingMortgage Terms Defined
freedigitalphotos.net GFE and HUD-1: GFE stands for good faith estimate and is a document for borrowers listing estimated costs of the mortgage loan including points (if any), lender’s origination fee, title insurance, attorney fees, etc. HUD-1 refers to the Department of Housing and Urban Development. Once the mortgage closes, the
Continue readingThinking Ahead About Refinancing
Freerangestock.com Below are a few ways to prepare yourself to be ready to refinance if the opportunity is ever there: Make a good down payment: In order to get the very best mortgage terms, it is likely necessary to put 20% down. A sizable down payment also increases your chances of
Continue readingHow Long Does It Really Take To Increase Your Credit Score?
Trulia Flickr The amount of time it takes to raise your credit score can vary, although many of these tips can affect your score within 30-60 days. Obtain a copy of your credit report and look for errors: The FTC estimates that 1 out of 5 consumers have a mistake on
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