What is homeowner’s insurance and why do I need it? That is a question that you may be asking yourself when your mortgage lender requires that you get one. Homeowner’s insurance, also called hazard insurance and home insurance, is an insurance policy to protect you, the homeowner, against disasters that affect or damage your home…. Read more »
Few people know about down payment assistance programs. When talking to potential homebuyers, one issue that is consistently brought up is lack of savings to pay for down payment. First, there is the misconception out there that you need 20% down payment to purchase a home. Is it great to have 20% and avoid paying… Read more »
Tax Day is almost here. Before you freak out, we have an important topic to cover for homeowners before you file your taxes: the mortgage interest deduction, a.k.a. the biggest deduction most homeowners will have on their tax returns. At the end of the year, mortgage companies will send homeowners a form 1098 that details… Read more »