While your credit score is an important factor in being approved for a loan, other factors also are involved when it comes to determining your ability to afford to buy a home. If your credit score leaves something to be desired, Forbes suggests looking at these four factors that can help to achieve your dream of becoming a homeowner. 1.
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, realtor.com outlines
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, Realtor.com
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
In the wake of all the changes ushered in by the new tax plan, the Tax Cuts and Jobs Act, realtor.com 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.
