Different financial situations make for different mortgage and refinancing solutions. Learn how your credit score comes into play when it comes to financing or refinancing, find out how to purchase a home when self-employed, and discover about tax deductions homeowners can take advantage of with our personal finance articles.
Credit card debt is a part of life for many people. Whether it’s unexpected expenses or just a balance that grew over time, you’re not alone in looking for ways to pay it down quickly. The good news? You have options to pay it down faster and regain financial peace of mind. Making a payoff…
Between 2020 and 2022, many Americans saw their home equity soar as the median sale price of U.S. homes increased by more than $120,000. If you own a home, that means your equity may have grown, too. And you may be considering different ways to use it, such as remodeling your home or paying off…
It’s no secret that the homebuying and mortgage process is a long journey that can last weeks or even months. Each step can be filled with a number of considerations like: In what kind of community do you want to live? What style of home do you like? Do the homes you’re looking at need…
Ah, retirement: Time to travel, relax, and finally check some things off your bucket list. For homeowners aged 62 and older, a reverse mortgage is a way to tap into your home equity and fund the retirement you’ve been working toward. Learn how a reverse mortgage works, the pros and cons, and what you need…
Tax season is approaching, offering numerous tax breaks for American homeowners based on their real estate holdings. These deductions, such as mortgage interest, can lead to substantial savings. Understanding these benefits and how to leverage them when filing is crucial for maximizing affordability and rewards in homeownership. Here are the most common tax deductions for…
If you’re buying a home when self-employed, you’ll likely have a more challenging path to getting a mortgage than someone with “traditional” employment. Your mortgage lender will require additional documentation, mainly to help prove that your employment and income are stable and reliable. The good news? With a bit of planning and preparation, you can…
Understanding the three key factors – income, credit history, and debt-to-income ratio (DTI) – is crucial for mortgage eligibility. Income and credit history are commonly known, while DTI measures the portion of your monthly income allocated to debt payments, significantly influencing your mortgage qualification. It’s essential to grasp DTI, as it directly impacts your financial…
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