Mortgage interest deductions explained
Homeownership has long been a part of the American dream, and it opens the door to benefits like the mortgage interest deduction for those who itemize deductions on their taxes. Itemizing typically makes […]
These cities saw the biggest rise in home prices this year
It’s never easy buying a house, and in certain cities, real estate is coming at an increasingly higher cost, now more than ever. Following the onset of the pandemic, real estate markets across the country […]
Why most people don’t get mortgages from banks anymore
The housing market is continuing its hot streak with mortgage applications surging into the holiday season, a time when demand typically cools off. Getting approved for a mortgage loan quickly can make you a more attractive […]
What is a second mortgage?
If you’re a homeowner, your house is not only the place you call home but also an asset. In fact, it’s the largest asset of most Americans, according to the most recent Federal Reserve […]
What is a piggyback mortgage loan & how does it work?
At its simplest, a piggyback mortgage can be defined as a second mortgage, typically a home equity loan or home equity line of credit (HELOC). Piggyback mortgage loans might be a smart option […]
Here’s how your mortgage compares to your neighbors’
Figuring out how much home you can afford entails much more than the interest rate on a mortgage loan and what your monthly mortgage payment will be. Where you want to live plays a big […]
How to buy a home when you’re single
Buying a house as a single woman has become more mainstream over the past few decades. This rise is partly due to an increase in the share of households headed by single women and […]
What Is an assumable mortgage?
Homebuyers have more mortgage loan options available when buying a home than they may think. One of those could be the assumable mortgage, a home loan alternative that enables buyers to essentially take over the […]
Can you lose your house with a reverse mortgage?
For older Americans who may find they need more money in retirement, using a reverse mortgage to convert some of their home’s equity into cash can be an intriguing idea. Thanks to protections the U.S. Department of […]
What is mortgage forbearance?
When homebuyers take out a mortgage, they’re likely dreaming about living out their days in a house of their own—whether that means bedecking the front porch with plants or barbecuing in the backyard with the […]