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Latest from the Blog
What You Need To Know About Escrow
When you purchase or refinance your home, you will receive a GFE (good faith estimate) from your lawyer approximately when you will go into escrow. This GFE will describe in detail the information for your escrow account; this is commonly referred to as insurance impounds and...
Homeownership Tax Benefits
One of the biggest benefits of homeownership is that you get tax benefits. Here are the three most significant tax benefits associated with homeownership:
When you purchase a home and take out a mortgage, you will get a tax break on the interest of that...
What Is the Process of a Short Sale?
When the economy collapsed a few years ago, many people in the United States could no longer afford mortgage payments and had to undergo a short sale. Even though this was a hard an unfortunate process, it still allowed these homeowners to avoid worse alternatives such as foreclosure. If...
FHA 203k Versus Fannie Mae HomeStyle Renovation Loans
If you want to take out a renovation loan, you can decide between the Fannie Mae HomeStyle loan or the FHA 203k rehab loan. Both of these loans are one-time construction loans and have several differences. Here are the key differences between an FHA 203k loan and a Fannie Mae HomeStyle...
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