Winter weather doesn’t have to be scary. Here are 12 things to think about that will help you drive safe and sound.
At Quicken Loans, we’re all too aware of the intricacies of the mortgage process – it’s what we specialize in, after all. But, if you’re entering the home-buying market for the first time, it can be a bit of a struggle to figure out what you should be doing and at what time. Don’t...
Do you sit at your desk and daydream about white linens, lush spaces, and a quiet Cape Cod retreat? What about nautical designs and spacious outdoor seating for your friends and family? You can enter the HGTV Dream Home Giveaway® 2015 for your chance to win that, and more!
Everyone’s situation is different — owning a home may or may not be right for you. Many people have different needs in different parts of the country. It’s up to you to gauge what your needs and financial abilities are. When you’re looking for a home, there are several things you should consider, especially if you’re a first-time home buyer. With renting, you have no responsibility in terms of maintaining the home-it’s the landlord’s duty to take care of lawn care, snow removal, and repairs. Renting may also be good if you plan on moving within a year or if you are in an area, such as New York or California, where housing space is at a premium and can be very expensive. Financial and Tax Benefits However, owning has great financial and tax benefits – when you pay interest on a mortgage, that interest is usually tax-deductible*. If you pay points on your loan to reduce your interest rate on your home purchase, that amount is also tax-deductible* for that year. Anyone buying a home in 2009 and early 2010 (until April 30) can qualify for the first-time home buyer credit – a non-refundable tax credit of up to $8,000! This is a great incentive to become a first-time home buyer. Don’t miss out. Check out our first-time home buyer tax credit video for more information. Plus, the more principal you pay, the more equity , or ownership, you have in the home, whereas no matter how much you…