Buying your first home is a huge step, but tax deductions available to you as a homeowner can reduce your tax bill.
5 Key Steps to Buying Your First Home, Tax Credit or NoStephanie Armour
How to stage a house for sale Tips for cleaning, staging, and showing. How to buy and sell a house at the same time Tips to help make the process less stressful. Moving out checklist Steps to take after closing the sale. Could you face a tax bill on your home sale? High home val...
• Avoid running up credit cards, taking out new loans or closing credit accounts too. These things can hurt your credit score or impact your debt-to-income ratio, which can imperil your final loan approval. 12. Do a final walk-through ...
Most people associate down payments with purchasing either a house or an automobile. However, the “hidden” factor is usually the amount of the ideal down payment. Based on your credit score and the terms and conditions offered by the lender, you could potentially pay as little or as much ...
One person may want to buy everything brand new and straight away, whereas the other may be happy saving up and furnishing the house gradually or buying things second-hand. Having these discussions now will avoid arguments in the future and will help you to have a beautiful home you can bo...
When you’re buying a house, there are three main factors that determine whether or not you’ll get approved for a mortgage; your credit, debt and savings.
How homebuying as a couple differs from buying a house alone Buying a home as a couple means you can use both of your incomes when applying for a mortgage. However, it also means that both credit scores, as well as the amount of debt each person has, is also included. As a single ...
While this may not be a dealbreaker, there are a few things to know. PMI protects the lender—not you—if you stop making payments on your loan. And it can be expensive (more than 1% of your loan balance per year, depending on how much you borrow and your credit score). Additionally...
money. If you have sufficient means to purchase a house for cash, then you certainly can afford to buy one now. Even if you didn't pay in cash, most experts would agree that you can afford the purchase if you qualify for a mortgage on a new home. Buthow much mortgagecan you afford...