The IRS allows a one-time exception for first-time homebuyers that want to tap into their IRA to put money down on a home. That exception saves you a 10% penalty, which could amount to quite a bit of money. But just because you can withdraw the money (even if you aren’t a first-time homebuyer), does Read more
How to Change a Deed When you Inherit Property
Inheriting property can be exciting, but it can also come with a lot of legal paperwork. You can’t just transfer a home over to your name without going through the proper channels. Either the appointed executor of the will or a member of probate court will need to modify the deed to reflect the new Read more
How Does a Mortgage Credit Certificate Work?
As a new homeowner, you may be eligible to buy a Mortgage Credit Certificate. This certificate enables you to a tax benefit when you file your federal income taxes. You buy the certificate at your closing, but you don’t use it until it’s time to file your taxes.Get Matched with a Lender, Click Read more
Good Reasons to Refinance a Home Equity Loan
Have you ever thought of refinancing your home equity loan? It’s not a common practice, but it can definitely have some benefits. Because your home equity loan might change over time, you may want to reevaluate your situation to see if you should consider refinancing your home equity Read more
Do Deferred Student Loans Affect Debt-to-Income Ratios?
If you graduated college loaded with student loans, you aren’t alone. The average graduate has around $37,000 in debt and this only accounts for graduates with a bachelor’s degree. Those that go on even further can have hundreds of thousands of dollars in student debt.Looking for Current Read more
