Month: April 2019

A Guide to Why Mortgage Interest Rates Go Down and Up, and What to Do

Whether you’re seeking a home loan for your first house or your fifth, you still are probably wondering what does “interest rate” even mean? Why do rates swing up and down? And, most importantly, how do you get the best interest rate—the one that’s going to save you the most money during the life of your mortgage? Here, outlines

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Can I Refinance While Buying a Second Home?

Say you’ve found a property that will be a great investment at a bargain price. Or perhaps the beach cottage you’ve had your eye on for years just came on the market. Whatever the reason, if you’re considering applying for another loan while refinancing your current home, the process can be somewhat complicated. To give you the full picture,

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5 Money Mistakes That Can Get Your Mortgage Denied

You’ve been pre-approved for a mortgage, found the perfect home and had your offer accepted. All you need to do now is sit back and wait for closing, right? Well, not exactly. While the odds are reasonably good that nothing major will go wrong, that doesn’t mean things can’t go wrong. A financial misstep now could change your mortgage terms and interest rate, or even

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Did You Get All Your 2019 Home Tax Deductions?

In the wake of all the changes ushered in by the new tax plan, the Tax Cuts and Jobs Act, offers a list of all the tax breaks for homeowners. Mortgage interest   In the past, you could deduct the interest from up to $1 million in mortgage debt (or $500,000 if you filed singly). But for loans taken out from Dec.

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