Home Financing

Home financing is one of the most complicated aspects of buying, building and/or owning a house. There are so many things to consider that it can be overwhelming. We aim to help you navigate your most pressing questions so you can focus on the joy of home ownership. From construction loans and mortgage rates to pricing and hidden costs, we’ll cut through the noise and give you the answers you need from industry experts.

Recent Home Financing Articles:

 

4 Tips to Determine How Much Mortgage You Can Afford

By G. M. Filisko an attorney and award-winning writer. A frequent contributor to publications including Bankrate, REALTOR Magazine, and the American Bar Association Journal, she specializes in real estate, personal finance, and legal topics.

By knowing how much mortgage you can handle, you can ensure that home ownership will fit in your budget.

Homeownership should make you feel safe and secure, and that includes financially. Be sure you can afford your home by calculating how much... [Read More]

 

How Can I Estimate Taxes on my New Home?

Knowing all the information about building a new home is important because no one wants surprises when it comes to the finances. One item often overlooked is the taxes. Total taxes on your new home include county, school and borough or township combined. Homes in your municipality have an assessed value that is used to calculate what your taxes will be. The amount of taxes varies from municipality to municipality. Find a few homes in your municipality that are similar to what you are plann... [Read More]

 

5 Good Reasons to Amend Your Tax Return — and How

By Reyna Gobel - Journalist and author Reyna Gobel has been writing about real estate for 8 years. She lives in a 1970s ranch with her husband and miniature schnauzer. Her next big home project: finally replacing those 1970s aluminum windows.

Missed tax deduction? Overlooked tax credit? Get what’s coming to you by amending your return.

[Read More]

 

Tax and Home Records Checklist: What to Keep and For How Long

By: Dona DeZube Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®. Want to rest assured you have all the documents you need when you need them, but not be awash in paper? Read on.  on backgroundUnless you’re living in the 123-room Spelling Manor, you probably don’t have space t... [Read More]

 

Don’t Miss These Home Tax Deductions

By: Dona DeZube Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®.

From mortgage interest to property tax deductions, here are the tax tips you need to get a jump on your returns.

Manhattan O... [Read More]

 

Find the Home Loan that Fits Your Needs

By: G. M. Filisko - Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®.

Understand which mortgage loan is best for you so your budget isn't stretched too thin.

It’s easier to settle happily into your new home if you’re confident you can afford it. Here’s what you need to know about your mortgage financing options, including how to choose the loan that... [Read More]


 
Construction loan application

What is the Difference Between a Construction Loan and a Regular Mortgage Loan?

This is a question I get a lot from my clients. The qualification guidelines are similar to a purchase mortgage loan but construction loans are somewhat different in other ways.  For example, the interest rate is typically locked in from the time of application to the completion of your home. Another big difference is how the loan is handled through construction.  On a construction loan, you close on the loan prior to the start of construction.  All closing costs and down payment are paid ... [Read More]
Construction loan application

 

Who’s Got Your Back When Your Credit Report is Wrong?

By: Dona DeZube Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®. With some credit report errors not getting fixed by either the credit reporting bureau or credit card companies, at least you have the Consumer Financial Protection Bureau in your corner. When you find an error in your credit report and send the credit bureau proof that your creditor was wrong when it said you paid late, didn’t pay at all, or, worse yet, are deceased, you expect the bureau... [Read More]

 

4 Tips to Determine How Much Mortgage You Can Afford

By: G. M. Filisko - Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®.

By knowing how much mortgage you can handle, you can ensure that home ownership will fit in your budget.[Read More]


 

Remember Today is Tax Day

Remember, Tuesday April 15th is TAX day. tax return“In this world nothing can be said to be certain, except death and taxes,” Benjamin Franklin wrote in 1788. Awaiting death as he wrote those words, Franklin was late... [Read More]