09 Nov 2023
By Mark Feder
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Mortgage Rate Locks: When and How to Secure a Favorable Rate

Mortgage
Securing a mortgage to purchase your dream home is a significant financial decision. One of the essential aspects of this process is locking in a favorable mortgage rate. A mortgage rate lock ensures that the interest rate on your loan remains the same for a specified period, protecting you from potential rate fluctuations. We will explore when it's best to lock in a mortgage rate and provide a step-by-step guide on how to do it. When to Lock in Your Mortgage Rate The perfect time to lock in your mortgage rate depends on various factors, and it's not an exact…
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08 Nov 2023
By Mark Feder
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Understanding Assumable Mortgage Loans

Mortgage Tips
Mortgage loans are an essential aspect of financing the purchase of a property. Among the various types of mortgages available, one option that may be advantageous for both buyers and sellers is an assumable mortgage loan. An assumable mortgage loan is a type of home loan agreement that allows a homebuyer to assume the existing mortgage of the seller when purchasing a property. In other words, the buyer takes over the seller's mortgage terms and conditions, including the interest rate, repayment schedule, and remaining balance. Benefits of an Assumable Mortgage Loan: Favorable Terms: Assumable mortgages often carry lower interest rates…
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07 Nov 2023
By Mark Feder
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The Role of A Down Payment: How Much Should I Save?

Home Mortgage
Buying a home, a car, or any significant investment often involves making a down payment. The down payment is a crucial part of the purchasing process, as it can impact your loan terms, interest rates, and monthly payments. But how much should you save for a down payment, and why is it so important? Understanding Down Payments A down payment is a portion of the purchase price that you pay upfront when buying a house, a car, or making a large investment. It's a way to demonstrate your commitment to the purchase and reduce the risk for the lender or…
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04 Oct 2023
By Mark Feder

Buying or Selling a Home This Winter? Keep These Tax Tips in Mind!

Homebuyer Tips
With all of the expense that can go into buying and selling a home, it's good to be aware of what you can claim and how a home can benefit you come tax time. When the New Year rolls around and you're sitting down to the task of completing your taxes, here are a few things that you'll want to keep in mind. Gaining from Capital Gains In the event that you've made money off the sale of your home through a capital gain, it's possible that you may be able to exclude this amount from your tax filing. If…
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