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Highlights of the Fed’s Proposed Mortgage Rules

March 30, 2023 by Brett Tams

Below are the highlights of the new rules put forth by the Fed in their effort to clean up the mortgage industry. First off, the proposal would establish a new category for most subprime loans referred to as “higher-priced mortgages.” These are defined as loans whose APR exceeds the yield on Treasury securities of comparable… Read More »Highlights of the Fed’s Proposed Mortgage Rules

The post Highlights of the Fed’s Proposed Mortgage Rules appeared first on The Truth About Mortgage.

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Tips of How to Buy a Foreclosed Home in 2023

March 30, 2023 by Brett Tams

Who doesn’t dream of nabbing a really good deal when shopping for a home? Maybe you’re even considering a fixer-upper, a property that would allow for some sweat equity and would, over time and with work, help you grow your wealth. If you have been studying the real estate listings, you have probably seen some […]

The post Tips of How to Buy a Foreclosed Home in 2023 appeared first on SoFi.

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Are Closing Costs Tax-Deductible?

March 29, 2023 by Brett Tams

When you’re filing your taxes, there’s a whole lot to consider. From figuring out who counts as a dependent to organizing your income streams, you may find the process a bit overwhelming. And if you’re a new homeowner tackling mortgage … Continue reading →

The post Are Closing Costs Tax-Deductible? appeared first on SmartAsset Blog.

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Indy Explains: How to buy a house in Nevada – The Nevada … – The Nevada Independent

March 28, 2023 by Brett Tams

Indy Explains: How to buy a house in Nevada – The Nevada …  The Nevada Independent

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Florida Estate Tax

March 28, 2023 by Brett Tams

There is no Florida estate tax, though you may still be subject to the federal estate tax. It’s one of 38 states in the country that doesn’t levy a tax on estates, regardless of size. If you’re concerned about estate … Continue reading →

The post Florida Estate Tax appeared first on SmartAsset Blog.

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What Do You Need to Buy a House?

March 27, 2023 by Brett Tams

woman at desk with calculator

There are a lot of myths about buying a house: that you need at least a 20% down payment, perfect credit (or close to it), and a specific income level. But the truth is, you don’t need a particular down payment amount, salary, or a credit score over 700 to become a homeowner. What you […]

The post What Do You Need to Buy a House? appeared first on SoFi.

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Determining How Much You Should Charge for Rent

March 27, 2023 by Brett Tams

Renting out your house might be worth considering, especially if you’re ready to relocate and you’re opposed to selling. Picking up a tenant could help you pay off your mortgage more quickly. Then, you could put the money you’ve earned toward … Continue reading →

The post Determining How Much You Should Charge for Rent appeared first on SmartAsset Blog.

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What Is a Cash Out Refinance?

March 25, 2023 by Brett Tams

Have you ever heard the phrase “using your house like a piggy bank” and wondered how exactly that works? The answer: a cash out refinance. A cash out refinance lets you pocket some of the value of your home. You … Continue reading →

The post What Is a Cash Out Refinance? appeared first on SmartAsset Blog.

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Current national mortgage and refinance rates, March 24, 2023 … – Bankrate.com

March 25, 2023 by Brett Tams

Current national mortgage and refinance rates, March 24, 2023 …  Bankrate.com

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Is a House an Investment?

March 25, 2023 by Brett Tams

It can be a complicated decision to determine if you should rent or buy a home. And if you’re leaning toward buying, high housing prices and high mortgage rates are likely making that decision even more difficult. Current economic conditions … Continue reading →

The post Is a House an Investment? appeared first on SmartAsset Blog.

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