At the end of every financial year, a taxpayer is entitled to a tax refund if the amount of withholding and estimated taxes he or she paid exceeds the actual amount that he or she owes. This year, the IRS issued around $13 billion worth of tax refunds, spread to approximately 20 million entities. Read more
Home Loans 101: Purchase and Refinance Mortgages
Mortgages are a handful with their army of technical terms and concepts. Still, there are two basic concepts you can start with: purchase and refinance. Getting to know how these home loans work in general is the first step in breaking down the mortgage wall.Meet various home loan products Read more
How to Ace Your Home Purchase or Refinance Application
How to Ace Your Home Purchase or Refinance ApplicationIn matters of homeownership, it should cost you less to know more about how mortgages - purchase or refinance - work. This makes for a better transition from homebuying to homeownership. Don’t focus on the rates just yet, but on certain areas Read more
POTUS Suspends FHA Insurance Cut, Now What?
The new President’s first order of the day was to repeal new regulations made during the Obama administration pending review. This rolls back the reduction of FHA’s annual mortgage insurance premiums and its annual potential savings of $500 to households. With the FHA insurance cut suspended Read more
There’s Still Time for Mortgage Forgiveness Debt Relief
It’s one thing to lose your home as a result of foreclosure and yet another to pay taxes for it. The Mortgage Forgiveness Debt Relief Act of 2007, as extended to 1 January 2017, does away with that requirement, exempting eligible homeowners from paying taxes on canceled mortgage debts.With the Read more
