Gathering and organizing your financial documents before applying for a home loan benefit you in many ways. As you gather your data, you’ll see things you probably haven’t considered before, such as…
Category: Miscellaneous
What Happens at Mortgage Closing?
Closing on your home is the last step you’ll undergo before you finally receive the keys to your new home. If you prepare well, closing day would be among the most exciting…
Tax Deductions That You Can Claim After Buying a Home
There are at least four ways by which you can claim federal income tax deductions arising from your home ownership. You can deduct your mortgage interest, property tax, private mortgage insurance and…
Discount Points — How Do They Help You as Homebuyer?
Discount points in mortgage are used to reduce interest rate. You purchase these points directly from your lender and you pay them at closing. Many lenders don’t incorporate points when they advertise…
Choosing from Four Types of Reverse Mortgage Loan Programs
You not only need to think twice about taking out a reverse mortgage loan; you also need to think hard about which type of reverse mortgage and which method of disbursement option…
Home Buying Tips from Experienced Realtors
If you’re feeling unsure about buying a home now, you’re not alone. As headlines proclaim foreclosures, unemployment and an unstable economy, it’s natural that you have some hesitation about pursuing your dream…
Florida Improved Its Closing Cost Ranking
This year, closing costs sharply increased in many states, including Florida, based on a survey conducted by Bankrate. But Florida improved its ranking compared to other states. Last year, Florida was the…
Notable Home Sales in South Florida in 2010
Despite the current doldrums in the residential real estate sector in Florida and in all other U.S. states, home sales happen that make people notice because of their sales prices or…
Credit Unions Better Than Banks in Providing Quality Home Loans
Credit unions performed better than banks in the quality of home loans given to borrowers in the first three quarters of 2010, according to a study by compliance solution provider Quality Mortgage…
Florida Bank-Owned Homes Surged in Number before Foreclosure Freeze
Despite efforts to help distressed homeowners, more homes in Florida became bank owned in September and in the July to September quarter compared to previous periods. Even the suspension of foreclosures by…