Financing a Home

More in Financing a Home

How to Get Your Name Off a Mortgage That You Cosigned For

a mortgage lender denies your child or family member's mortgage application, you might step in as cosigner on the loan. A cosigner agrees to pay another person's debt in the event of default. Your name might not appear on the title, but it appears on the loan. Becoming a ...

Is it Wise or Smart to Refinance With the Same Company or Bank?

financing your mortgage loan is a perfect way to reduce your current mortgage rate and save money each month. A refinanced mortgage creates a new home loan with new terms. You can extend the length of your mortgage, reduce the length of your mortgage or apply for a different ...

Can You Roll Closing Costs Into an FHA Loan?

osing fees add on to the cost of a loan when you buy a home or refinance your existing mortgage. Whether or not you can roll your closing costs into an FHA loan depends on certain factors. As a rule, it doesn’t matter if you are applying for an original mortgage loan or an ...

Documentation Needed to Claim Mortgage Interest as a Tax Deduction for an Owner-Financed Home

e mortgage interest deduction is one of the largest tax deductions for most U.S. taxpayers. According to the National Association of Homebuilders, 80 percent of the mortgage interest paid by U.S. taxpayers since 2000 has been claimed as a deduction on taxes. The IRS allows you ...

Do You Get All Your Interest on Your Mortgage Back on Taxes?

r most homeowners, mortgage interest is their biggest tax deduction and getting a home loan allows a home buyer to make the shift from the standard tax deduction to itemized deductions. You do not get all of your mortgage interest back on your tax return. The amount of tax ...

What Is the Difference Between Assessed Value & Taxable Value of Real Estate?

e market value, assessed value and taxable value of your house are often nothing alike. The market value is what your house would sell for in the current market. The assessed value is what your county tax assessor reports the house is worth for purposes of calculating your ...

Hard-Money Loan vs. All-Cash Offer

metimes, traditional bank financing isn't available for a real estate transaction. This can happen for any number of reasons, but the upshot is the same: If you want to purchase a home, you may have to be a bit creative. Your options might include an all-cash offer or a ...

How to Buy Real Estate With a 401(k)

versifying assets to include real estate can help you spread risk across a mix of investments. Whether buying property for direct use or for rental income, your 401(k) might be a funding source. The way you use a 401(k) for real estate investments determines any tax or penalty ...

Pros & Cons of Selling a Home on a Land Contract

land contract, also known as a contract for deed, is an arrangement in which you finance the buyer's purchase yourself instead of having the buyer rely on a third-party lender. In addition, you keep legal title to the property until the buyer pays the final installment. Land ...

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