Buyers and sellers need to be informed about tax considerations before entering a transaction. If you have purchased or sold a home last year, there are a number of tax deductions…
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If you have recently bought or sold a home, there are a few tax advantages that may be available to you. Generally speaking, real estate broker’s commissions, title insurance, legal fees,…
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Those looking for a home should check their credit score before things get too serious. There’s nothing worse than learning that your credit report contains a late payment that can prevent…
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Lenders dissect the entire credit history of a potential client with strict attention to income, credit, collateral and assets. Of the four, assets are perhaps the least discussed, yet may be…
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Which is better: A 30-year fixed-rate mortgage or go for a lower-interest 15-year one? Typically, 15-year mortgage allows you to pay off your mortgage quicker and save a significant chunk of…
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Energy Efficient Mortgages (EEMs) were formally introduced by the Federal Housing Administration in 1995 to help consumers save money on utility bills by enabling them to finance the cost of energy-efficiency…
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Consumers often find ample value in distressed homes – properties that are under a foreclosure order or up for short sale. In many cases, “distressed” speaks more to the condition of…
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Buyers today understand they need a sizable down payment and a strong credit score to secure a conforming home loan. They must hold liquid funds for another financial obligation—an earnest money…
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In terms of your mortgage, a point is an additional loan fee that is paid to the lender in exchange for a lower interest rate. It’s called “buying down,” and it…
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Ever dream of owning a home but don’t think you can because you lack the down payment and closing costs? Here are a few tips: Borrow from your retirement account: A…