buying a second home

How to Use Gift Money for a Down Payment

Gift money is a cash donation (usually from a close relative) that you can use for your down payment, closing costs, and other fees. However, there are rules and requirements to keep in mind when using gift money during the loan process. In this article, we’ll cover everything you need to know about using gift… View Article

The post How to Use Gift Money for a Down Payment first appeared on Total Mortgage.

Should you buy a second home? Predictions for the 2019 market

In view of the healthy economy, you may be thinking of buying a second home as a vacation getaway, as housing for family members or…

The post Should you buy a second home? Predictions for the 2019 market first appeared on Century 21®.

Can You Rent Your House if You Have a VA Loan?

VA loans finance primary residences and not rental properties. So what happens when you get deployed or retire and decide to move? Do you have to sell your VA-financed home […]

The post Blog first appeared on MilitaryVALoan.com.

House vs Condo: What’s Better for a Second Home?

If you have a primary residence, you might consider buying a second home as a vacation spot or an investment property. This can be a place to relax with your family, plus you can generate passive income for a variety of purposes—save for retirement, pay off debt or create a rainy day fund. Even if… View Article

The post House vs Condo: What’s Better for a Second Home? first appeared on Total Mortgage.

Meet The Real Estate Tech Entrepreneur: Hayden James from Fraction

In this week’s founder interview, we interviewed Hayden James from Fraction. Without further ado… Who are you and what do you do? My name is Hayden James, and I am the CEO and Co-Founder of Fraction. I am a husband and father and above all,…

The post Meet The Real Estate Tech Entrepreneur: Hayden James from Fraction appeared first on GeekEstate Blog.

What to Know About Buying a Second Home

Buying a second home is a very exciting life upgrade. A second home can be the place you go to escape the stresses of everyday life, even if it’s just for a weekend. The interest in buying a second home has spiked in recent years. In fact, In 2020, vacation home sales rose 16.4%, as

The post What to Know About Buying a Second Home appeared first on MintLife Blog.

Buying a Vacation Home: 6 Things You Need to Know

A vacation home is a second property you own in addition to your primary residence. This home is often one that you use a few times a year. Moreover, it can be located in a beach town, near a popular tourist destination, or somewhere tranquil and quiet. Regardless, there are a few things you need

The post Buying a Vacation Home: 6 Things You Need to Know appeared first on MintLife Blog.

Conventional Mortgage Loan – What It Is & Different Types for Your Home

A conventional loan is any mortgage loan not issued or guaranteed by the FHA, VA, or USDA. Learn more about these loans here.

13 Tax Breaks for Homeowners and Home Buyers

Owning a home is part of the American Dream. Whether you fancy a log cabin in the middle of nowhere, a suburban Cape Cod with a white picket fence, or a downtown condo in the sky, there’s just something special about trading in a lease for a deed. But that transition can be difficult – and expensive. It’s tough saving up enough cash for a down payment and then keeping up with the mortgage payments — to say nothing of the maintenance costs, which are now all on you!

Fortunately, Uncle Sam has a few tax tricks up his sleeve to help you buy a home, save on home-related costs and sell your home tax-free. Some of them are complicated, limited or come with hoops you have to jump through, but they can be well worth the trouble if you qualify. And if your budget is already stretched thin, you need all the help you can get. So, without further ado, here are 13 tax breaks that can help you buy a home and prosper as a homeowner.

  • SEE MORE Tax Changes and Key Amounts for the 2022 Tax Year