When you start to get serious about buying a home, a mortgage pre-approval is an important first step. Getting a pre-approval letter for a mortgage lets you know how much money you can borrow, the range of interest rates you qualify for and the different mortgage options available to you. In many cases, buyer’s agents …
What is LTV? What LTV means? Why is LTV important when you apply for a mortgage? Loan-to-Value (LTV), It’s the amount of the mortgage compared with the value of the property. It is important because it is one of the factors in determining eligibility for securing a mortgage, a home equity loan, or a line …
Owning a house has many benefits, and one of them is the tax reduction. Do you know how many household expenses are tax deductible? Let’s look on tax deductions for homeowners. When we talk about tax deductions, there are two types of deductions: Standard deduction and Itemized deductions. Before you file tax return, make sure …
How can you get a better interest rate? How can you prepare yourself on the way to buy a house? When you buy a house, the first number that concerns you is the house price, but the interest rate is also crucial if you need to borrow money to purchase a house. If you can get …
I have to say, this is not only for first-time homebuyers, also goes to all people who are trying to purchase a property. Please pay attention to all the following points, these are the common mistakes that could be avoided when you are thinking to purchase real estate. Didn’t get a pre-approval letter before looking …
