Owning a home can get expensive, but it’s nice to know that you may be able to write some of those expenses off on your taxes. Although the tax laws are a little different this year, you may still be eligible to deduct some of the expenses that you pay for your home.Looking for Current Mortgage Interest Rates? Click Here.The largest issue this year is whether or not you’ll be able to … [Read more...]
VA Refinance: Does it Help you Pay Your Loan in Full Faster?
If you are like most homeowners, you want to own your home as fast as possible. No one likes having a mortgage hanging over their head, but with hundreds of thousands of dollars to pay off, how do you make it happen fast?Looking for Current Mortgage Interest Rates? Click Here.While you can make extra payments toward your loan’s principal each month to pay your loan off faster, there is one … [Read more...]
VA Loans: Can you Buy a Vacation Home With Them?
The VA loan offers veterans a flexible way to buy a home. So what’s the catch?You can’t buy a vacation home or an investment home with it. You can only buy a primary residence with your VA loan benefits. You may be able to get around this rule with a few exceptions, but generally, it won’t be to buy a vacation home.Looking for Current Mortgage Interest Rates? Click Here. The VA … [Read more...]
VA IRRRL Refinance: What are the Disadvantages?
The VA IRRRL program is a great way to refinance your current VA loan. You don’t have to verify your income, assets, credit score, or home value. What’s not to love, right?Looking for Current Mortgage Interest Rates? Click Here.While it is a great program, there are some downsides that you may want to consider before making a decision for yourself. You Can’t Tap Into Your Home’s … [Read more...]
VA Loans: Buying and Renovating a Multi-Unit Property
VA loans can be used to buy more than a single-family property. Even though it’s an owner-occupied program only, you can use the program to buy a 1-4 family unit. The only catch is that you must live in one of the units yourself as your owner-occupied property.Compare Offers from Several Mortgage Lenders.What if you want to buy a multi-unit property that needs work? Maybe it doesn’t even … [Read more...]
