by Candace Ellington | May 10, 2021 | Mortgage News
A new tax credit of up to $15,000 for first-time home buyers is being proposed by the Biden Administration. A tax credit, unlike a deduction, decreases the total tax bill rather than lowering your taxable income. For example, if you owed $20,000 in income taxes and...
by Candace Ellington | Apr 7, 2021 | Mortgage News
Borrowers entering the real estate market as investors might have a more difficult road ahead. Fannie Mae is flagging potential risk criteria in a letter to its lenders that outlines new limits on loans for second homes or investment properties. Lenders are being...
by Candace Ellington | Mar 1, 2021 | Mortgage News
Sometimes your dream home is out of reach — but that doesn’t mean you can’t live your dream of homeownership inside a fabulous home. With a little patience, you can absolutely design your dream home with every bell and whistle. If you envision your next home having a...
by Candace Ellington | Feb 1, 2021 | Mortgage News
A new report took a close look at rental affordability and found that it’s cheaper to buy than rent in a majority of the country. The ATTOM Data Solutions Rental Affordability Report took the median price for a three-bedroom home in 915 counties and compared the costs...
by Candace Ellington | Jan 5, 2021 | Mortgage News
Despite the pandemic’s weighty impact, it did little to slow down the ability for homeowners to earn wealth this year. In the third quarter of 2020, homeowner equity rose to its highest level in six years. According to CoreLogic, a majority of homeowners saw their...