Phillippe Builders is offering a free gas range, microhood and dishwasher from the Frigidaire Gallery appliance line with any non-contingent contract written before August 31, 2015. The Frigidaire Gallery line features smudge-proof stainless steel. Check out the Smudge-Proof Refrigerator Challenge!
Budgeting for Home Ownership Here’s what to make room for in your homeowner’s budget. Monthly Expenses Principal and interest payment on your mortgage Real estate taxes Homeowners Insurance–ask insurance agent for an estimate Heat–check owner’s current bills Electricity–ditto Optional costs: water, sewer, trash collection, homeowners association dues Repairs Go to your home inspection, ask questions, [...]
Believe it or not, the IRS is nice to homeowners. Tax season will be here before we know it, so here are nine tax breaks that are available to homeowners. 1.) Purchase Costs Deductions: Did you know that any “daily interest” paid on the mortgage at the time of your closing is deductible? Well, now [...]
When people decide to buy a home, the monthly payment is a crucial factor. Conservative underwriting for mortgage payments state that borrowers should allocate no more than approximately 30% of their income for a house payment. Looked at from another perspective, this means if your monthly income is $4,000, you should keep your mortgage payment [...]
After being unemployed for some time, my husband found a new job. He has been on this job for about 4 months. His pay varies from week to week because he is paid based on his deliveries. Some weeks are great and others are just OK. We want to purchase our first home to take [...]
Construction loans are available to qualified borrowers that are having a home built by a contractor. In a lot of cases, the builder requires the buyer to get financing for the project. That’s when you need a Construction Loan. Here’s how they work. Your loan covers the cost of the project and the builder is [...]
If you are looking to improve your credit score quickly, now is the time to get started. In the meantime, here are some great strategies you can utilize right away to give your score a little boost. Create Some Balance: While paying down installment debt (car, school, mortgage, etc.), on time, and as agreed, shows responsibility [...]
Once your loan package has been sent to the lender, there are a number of things you should avoid doing that will change your financial picture. Remember, the lender is looking for stability and consistency. If you want the best interest rate, keep that in mind. Here are a few things to consider: The lender [...]
I was approved for a mortgage in December and just found a house that I want to buy. I called my lender to check on rates and they told me that my loan approval expired? Is this common or just specific to my broker? Julie – Munster You are not alone, Julie. Lending guidelines state [...]
Qualifying first time homebuyers can now get help with closing costs. Ask your mortgage professional about the HomePath Ready Buyer Program. For more information, click here. To find a mortgage professional, check our list of preferred lenders, here.