The FHA and VA offer the Energy Efficient Mortgage program. This program enables you to roll the cost of certain energy efficient changes into your mortgage. You do not have to take out another loan or secure a separate approval. You can use it on a home you purchase or your own home during a refinance. The renovations must be cost effective and energy efficient in order to … [Read more...] about What Costs can You Include in Energy Efficient Mortgages?
Consumer Mortgage Tips
Whether it's working on a freelance basis or running your own business, the gig economy continues to grow its number. According to Forbes, the number of self-employed individuals is foreseen to grow at 50% by 2020 and a lot of the reasons are because of the opportunities that come with the advancement of technology.Today, the growing trend of independent work could be … [Read more...] about Can You Get A Mortgage If You’re Self-Employed?
Rejection is tough. Especially when it's something you put effort into achieving. Millennials are no strangers to this feeling.Denied mortgage applications are just as difficult. After all, isn't having a home of your own part of the American dream?Breaking down the factors that get a loan rejected are credit score issues, problems in property valuation and, the number … [Read more...] about Dear Millennials, Getting That House You Can Call Your Home Is Now More Possible Than Before
Owning a home is expensive, there’s no doubt about it. There are ways to make it more affordable, though. One such way is with tax deductible expenses. Chances are, you may not be taking full advantage of the benefits available to you. Here we will discuss the most common as well as the lesser known tax deductions. Mortgage Interest – A Big Deduction Your mortgage itself … [Read more...] about Which Homeowners Expenses are Tax Deductible?
Home improvements, aside from generally improving the appearance of your abode, can also dramatically increase the value of your property. If you are thinking of remodeling your property but don’t have an idea where to tap the fund to cover the improvement expenses, this article helps you get an idea of just where to look to get the job done. Your Savings If you have enough … [Read more...] about Ways to Finance Your Home Improvements