Owning a house is more than just paying a monthly mortgage. There are other costs involved once you move into a home and it is important that you familiarize yourself with these first before you settle into your new abode, else you’ll be in for a surprise that could ruin your future finances.The Read more
An Outline of the Home Owning Process
It’s never been easier to own a home. To the bare minimum, the only things you need to own to get a home are:a) an income b) a proof of this income c) a tax information of this incomeNo, you do not need to be a millionaire to own a home. Nor do you need to have no debt. Or even have a Read more
Of Trump’s Tax Reform, Mortgage Interest Deduction and Home Buying
Looks like the mortgage industry is in for another shake-up following future Treasury main man Steven Mnuchin’s unveiling of President-elect Trump’s plan to “cap mortgage interest, but allow some deductibility.” After the mortgage interest hike comes the mortgage interest deduction, which is an Read more
When Do You Need a Quitclaim Deed?
If you are transferring property, it needs to be done legally. You cannot just say “here you go daughter, have my property” for example. It has to legally change hands. Even if no money is exchanging hands as would occur during the sale of the property, certain legal documents must be executed in Read more
