Whether buying a home is right for you right now depends on a variety of factors, including your personal circumstances, financial situation, and long-term goals. Here are some considerations to help you determine if it’s the right time for you to buy a home: Ultimately, the decision to buy a home is a personal one […]
When interest rates are high, many homebuyers turn to adjustable-rate mortgages, better known as ARMs. That’s because these mortgages typically come with initial interest rates that are lower than what they’d get when applying for a standard 30-year or 15-year fixed-rate mortgage. Those lower initial rates mean lower monthly mortgage payments. That’s the good news. […]
Tax season is upon us and there are some real estate related updates that you don’t want to forget. Mortgage Insurance: As of today, for the 2022 tax year, private mortgage insurance (PMI) and mortgage insurance permiums (MIP) are no longer deductible. Previously, with the passage of the Further Consolidated Appropriations Act of 2020, you […]
If you’re 62 years of age or older and want money to supplement your income, you might consider a reverse mortgage. You’ll be able to convert part of your home equity into cash without having to sell your home or keep paying your mortgage. In a reverse mortgage, a lender pays you what amounts to […]
According to Forbes the housing pandemic boom could be dawing to a close and with mortgage rates rising, in some markets, homes are sitting on the market a little longer causing sellers to begin lowering prices. Forbes reached out to Core Logic to assess the market risk of around 4 metropolitan areas. Jacksonville is on […]
When saving for a home, most people are primarily worried about saving up the cost of a down payment. But as all your homeowner friends will tell you when you start seriously looking for homes, there’s more to the cost of a home than the sticker price. When you close a mortgage, you have to […]
It’s not unusual to angst over your first home purchase. After all, it’s a huge investment, and it determines where you’ll be living for the next several years. How can you be sure that a home purchase is the right move for you? There’s no way to know what the future holds, but these four […]
The IRS is encouraging taxpayers to make sure they’re well-informed about their tax situation as the filing deadline approaches. The key topics include special steps related to charitable contributions, economic impact payments and advance child tax credit payments. Here are some key items for taxpayers to know before they file next year. Changes to the […]
When you refinance, you get a new mortgage to pay off your existing mortgage. At first, this may seem like a bad decision on its face. Getting a new mortgage takes time and money, so why should you want to do it? But there are a few reasons to consider refinancing. One reason to consider […]
Finding the perfect home isn’t always easy. Sometimes, the home you prefer has the character, layout, or amenities but needs renovating and/or updating. You might have the perfect home in mind, but you know it has to be renovated before you can settle in with your family. If this sounds like your situation, it’s important […]
