As equity builds on a home, it is possible to borrow money against the home for home improvement projects, large purchases, or anything that you did rather not buy with a credit card. The HELOC rates are generally higher than the primary mortgage.
Buying a home does not have to be overly complicated nor rocket science. Every current home owner have already done it, and pretty much followed a similar game plan. Be realistic about your perfect home. A new condominium or a new development does not necessarily mean it will be perfect. Read more
PITI is principal, interest, taxes, and insurance. Principal is the amount you borrow and you repay to the lender on a monthly schedule. Interest is the percentage that the lender is charging for your loan and you repay to the lender each month. Interest is tax deductible at year end Read more
When you buy into a new construction, it is recommended to verify the reputations of the builders and developers. Some builders go above and beyond in terms of delivering a very high quality product and have completed many projects; their names are trusted among real estate professionals and home owners. Read more
When a house is a fixer upper, people start thinking complete tear down and rebuilding from the ground up to resell at a profit. Unless you are already a contractor or in the contracting business, it is not recommended to take on such a big undertaking as your first starter Read more
After you signed the purchase contract, now is the time to get your mortgage or complete the pre-approved mortgage. The purchase contract will generally include a contingency rider that gives you time to get a mortgage loan. In addition to all the financial documents that a lender will require from Read more
Owning a home comes with benefits in the form of tax credits and tax deductibles. It is important to consult a tax professional regarding these tax benefits for homeowners. Tax credits for homeowners: https://www.irs.gov/newsroom/get-credit-for-making-a-home-energy-efficient https://www.irs.gov/forms-pubs/about-form-5695-residential-energy-credits https://www.energystar.gov/about/federal_tax_credits/solar_energy_systems Tax deductibles for homeowners: https://www.irs.gov/credits-deductions/individuals/deducting-home-mortgage-interest-at-a-glance https://www.irs.gov/help/ita/can-i-deduct-my-mortgage-related-expenses https://www.irs.gov/pub/irs-pdf/p936.pdf Overall tax credits and tax deductibles available Read more
Real estate agents have full access to MLS information that is not available to the general public. Agents can see a home’s offers and offers that fell through, plus a complete listing history with different brokers even if the public MLS information only indicates that the home is newly listed. Read more
We give buyer rebates because our goal is to pass the savings back to clients. We operate at a low overhead due to the technology advances that the real estate industry has made over the years. Searching for homes is as easy as tapping on a smartphone, and eases much Read more
Besides getting a buyer rebate when working with the right buyer agents, they are often the ones that know their local real estate market like the back of their hand. They have a way of knowing who’s interested in selling their homes and who are the motivated sellers because it Read more