Financing a Home

More in Financing a Home

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

If 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 ...

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

The 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 ...

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

Refinancing 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 ...

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

For 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 ...

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

The 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 ...

Does a Non-Working Spouse's Credit Affect a Home Loan?

Marriage doesn't require that both spouses apply for loans together, although with large purchases such as a home, they often want to do so. If one spouse has no job or negligible or bad credit, it often makes more sense for the other to apply for a home loan on his own. The ...

Do All Home Lenders Require a 20 Percent Down Payment?

Getting a home loan requires more than an excellent credit score and sufficient income. While these factors weigh heavily in the decision process, getting a home loan also requires a down payment. Down payment minimums vary by lender and loan type. Mortgage lenders traditionally ...

Hard-Money Loan vs. All-Cash Offer

Sometimes, 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 Add a Co-Borrower to Refinance a Home

Refinancing is a way to create a new mortgage loan and lower your interest rate and house payment. When refinancing a mortgage, your lender reassesses your income and debt. Any change to your financial situation, such as a decrease in income, an increase in debt or a lower ...

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