Category Archives: Uncategorized

Before you decide to simply take the standard deduction for 2022, check to see if your home ownership gives you a better break.   The 2017 Tax Cuts and Jobs Act of 2017 did reduce your allowable deductions. However, there is … Continue reading →

Refinancing takes time.  In fact, it can take anywhere from one to two months depending upon your lender and depending upon your own diligence in getting your paperwork submitted and in answering questions immediately.  Given the fact that interest rates … Continue reading →

  Bridge loans can be convenient tools, but they are not right for every borrower and/or every real estate market. A bridge loan, also known as a gap loan, is granted to bridge the gap in financing for a homeowner … Continue reading →

  Underwriting plays a crucial role in the timing of your home mortgage loan. Before you write an offer to purchase a home with a mortgage loan, discuss the time line with your loan officer. You won’t want to promise … Continue reading →

  When you approach a lender to obtain a conventional mortgage loan, one of the first things he or she will do is order a credit report. This report will outline your financial history and provide what is known as … Continue reading →

  Unless you have an extremely high-paying job, putting together enough money for a down payment is no easy task. That’s especially true today, with inflation taking an ever-larger chunk out of our wallets. If you’re determined, you can do … Continue reading →

First, what does that even mean? What is a recast mortgage? Recasting a mortgage is the process of paying a lump sum of your principal in order to reduce your monthly payments. It is simply a process by which your … Continue reading →

  Think twice about changing employment if you’re buying a home The new job you’re contemplating might pay more and make it even easier to make mortgage payments on that new home you want. But think twice before you take … Continue reading →

  Home buyers who can make an all-cash offer have a bit of an advantage over buyers who need a mortgage loan. Sellers love them because there’s no uncertainty or worry over appraisals or a loan that might fail at … Continue reading →

Is it necessary to a mortgage loan pre-approval before choosing a home to buy? The legal answer to that question is no. There is no law or regulation that requires a prospective buyer to become pre-approved before viewing homes, choosing … Continue reading →