home ownership
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Is 2024 the Year to Refinance Your Mortgage?
Mortgage interest rates rose throughout most of 2023, soaring above an average of 7% for a 30-year, fixed-rate mortgage at one point. This meant that few homeowners refinanced their mortgage loans last year. After all, the main goal of a refinance usually is to end up with a new loan with a lower interest rate. […]
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Take Control of Your Homeowner’s Property Insurance Bill
Congratulations, you are a homeowner! If you financed the purchase of your home with a mortgage loan, you must carry homeowners’ insurance. Lenders won’t approve you for a mortgage loan if you don’t have an active insurance policy. The cost of your homeowners’ insurance policy will vary, depending on your home’s location, size, age and other […]
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Long-Term Advantages of Home Ownership
There are two big tax benefits you receive when owning a home: You can deduct the mortgage interest that you pay each year and you can deduct at least a portion of your property taxes. Mortgage Interest Deduction The most valuable tax benefit is the mortgage interest deduction. This perk allows you to deduct the […]
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