Before purchasing a home, it is vital that you have a better understanding of title insurance policies that are available for both lender and homeowner protection. If obtaining a mortgage, title insurance will be a requirement to shelter the lender for the full amount of the loan until it is completely paid off.
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The answer lies on Wall Street – specifically the trading of Mortgage Backed Securities (MBS). MBS trading can result in a dramatically higher or lower payment when you are ready to lock in your rate. Unfortunately, the indicators needed to see these real-time MBS trading feeds, are not readily available to the public. The big question is – are they keeping track of rates in real-time and making you aware of sudden changes in the market? Continue reading
Can you imagine buying a new home for $245,000 with only $1,512 out of your pocket?
Don’t worry, this is not a scam or trick, it’s a pure and simple government backed loan (FHA) with the help of our new Grant Program. We rolled this program out in November of last year, and I am finally making the big announcement. So here you go! It’s here! Yay! A program that will help you take advantage of this very attractive real estate market with little cost. Continue reading
A decade ago, our culture didn’t place much emphasis on living a “green” lifestyle. Thankfully, the importance of making daily decisions that benefit the environment are finally permeating the American psyche. As consumers, we are starting to understand that the way a home is built or designed, has a huge impact on how much energy we consume. We understand that small changes; like lowering the thermostat, watering our lawn less, or changing a light bulb or two, will not solve our energy crisis – we need big changes. Continue reading
Imagine beating your current market interest rates by 1% if you qualify for a relatively unknown tax strategy. And it’s legal, by the way! Do I have your attention?
Well, if you are a first-time home buyer and you don’t mind filling out a few extra forms, this tax credit can save you thousands. It’s a Mortgage Credit Certificate (MCC) issued by certain state and local governments that allows a taxpayer to claim a credit for a portion of the mortgage interest paid during a given year.
Let’s talk about the difference between a “tax credit” and a “tax deduction”. A tax credit is a dollar-for-dollar savings that lowers your total federal income tax liability by the value of the credit. Whereas, a tax deduction only reduces a percentage of the amount deducted. We are talking quarters versus dollars here. Tax credits can be more valuable than deductions, although somewhat more difficult to qualify for. Continue reading