Mortgage Q&A

1. Why buy, instead of rent?  Answer – A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. You … Continue reading Mortgage Q&A

Get Mortgage Pre-Approval Before House Hunting

House Hunting? You Need a Pre-Approval Letter Will you be dropping by a few open houses this weekend? Take a pre-approval letter with you! Pre-approvals provide house hunters with a number of benefits: Your Realtor knows you’re serious when you present a pre-approval letter. Sellers prefer to negotiate with prospective buyers with pre-approvals over simple … Continue reading Get Mortgage Pre-Approval Before House Hunting

VA Home Loans

VA Home Loans VA home loans are a great option for qualified personnel who need help getting into a home. This program is especially appealing to first time home buyers. VA home loans don’t have the same down payment requirements as other loan programs. VA home loan borrowers do not need large down payments and … Continue reading VA Home Loans

Buying a Fixer-Upper? Consider the FHA 203K Loan

Are you having a hard time finding a property in your price range? Have you considered a fixer-upper?  If you find a house with potential on the lower end of your budget, an FHA 203K rehabilitation loan allows you to finance repairs and the house purchase in one loan.  A bedroom addition, a family room … Continue reading Buying a Fixer-Upper? Consider the FHA 203K Loan