One of the major benefits to purchasing a home with a mortgage are the tax credits that can be taken advantage of when April 15 comes around. Many homeowners are unaware of what mortgage related expenses can be deducted and, more importantly, which ones can no longer be deducted.
Looking Ahead: How to Ensure That You Are Taking Full Advantage of Mortgage Tax Credits
September 25, 2015 by
Saving Up for Your Down Payment? Try These Money-Saving Tips To Speed Things Up
June 3, 2015 by
One of the most significant challenges that many people face when preparing to buy a first home relates to saving money for a down payment. While there are many different loan programs with varying down payment requirements, the fact is that it can still be difficult to save up a large sum of money.
Save Some Additional Cash with Our Guide to Lowering Your Monthly Mortgage Payment
May 14, 2015 by
If you are like many other homeowners, your home mortgage payment is the single largest expense in your monthly budget. This is a fixed expense that you will typically be responsible for until your loan is paid in full or until you sell your home, and you may have a 15, 20 or even 30 year term on your mortgage.
Thinking About Buying a Rental Property? 3 Reasons You’ll Want to Get a Mortgage Pre-Approval
April 28, 2015 by
A rental property is a wonderful investment option to consider, and it can provide you with everything from considerable tax benefits to appreciation and monthly cash flow. While you may be eager to get started searching for a new rental property to invest in, a good idea is to take the initial step to get pre-approved for your mortgage.
How Does Making Lump Sum Payments Affect Your Mortgage? Let’s Take a Look
April 15, 2015 by
Periodically, many homeowners will receive a rather sizable amount of extra cash. This may be from a bonus from your employer, a refund on your tax return, a financial gift from a relative or something else altogether. Before you make your decision about how to spend your money, consider what impact your lump sum payment will have on your mortgage.
3 Easy Ways to Put Aside a Bit of Extra Cash So You Can Pay off Your Mortgage Faster
March 6, 2015 by
If your personal budget is similar to many other people’s budgets, your home mortgage payment is by far the largest expense that you pay for each month. In fact, this payment may easily account for 20 or 25 percent or more of your take-home income. Understandably, you may be focused on trying to pay this expense off early.
Saving Up for Your First Home? Our Guide to Finding Ways to Save Your Down Payment Faster
February 27, 2015 by
If your goal is to purchase a home, you may find that it is challenging to save up enough money for your down payment. While this is something that many first time home buyers struggle with, it is by no means insurmountable.
Freelancing in 2015? Three Tips for How to Secure a Mortgage if You’re a Self-Employed Entrepreneur
February 18, 2015 by
If you are self-employed, either as a freelancer or as the owner of your own business, your income can fluctuate greatly from year to year. That can make it difficult to get approved for a mortgage, although there are some things you can do to improve your chances. Here are three tips for securing a mortgage if you are self-employed.
Tax Time is Upon Us: Learn About Tax Deductions and How to Write off Your Home Mortgage Interest
February 5, 2015 by
Much to the chagrin of taxpayers all over the country, the tax-filing season begins in January and runs through April 15 of each year. As the current tax season approaches, it presents an opportunity to help tax-payers clarify their responsibilities and remind them of certain important tax deductions that may be available.
