Can Mortgage Interest be Deducted?

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Can Mortgage Interest be Deducted?

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It’s the new year, and with that comes time to file taxes for 2022. While homeowners can benefit from deducting various expenses, many wonder: what can I deduct? While that answer depends on your individual finances and family situation, certainly you will want to weigh your options. Some people only take a standard deduction. However,…

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How Much Mortgage Can I Afford?

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These days, many people are wondering whether or not they can afford to own a home. Homeownership may be more in reach than you thought. One of the most important factors to review before you start looking to buy a home is how much financing you can get. By looking at your income, programs you…

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How to Grow Your Wealth through Homeownership

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Data from Bloomberg on Americans over 65 shows that homeowners are far likelier than renters to hold higher net wealth. This makes sense, as we all pay for housing, but some are not paying to eventually own the asset. Buying a home is often an overlooked wealth building tool in the traditional finance world, which…

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Why the Housing Market is not Set to Crash in 2023

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With recent inflation and the rise of mortgage rates, many fear we will have a housing market crash similar to 2009. Despite this, we are not seeing a lot of foreclosures impact homeowners. We are in a different market than we were in the crash of the earlier decade. This week, the team at Foundation…

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Using Your Home Equity to Achieve Your Goals

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Throughout the United States, housing prices are on the rise, and this is a great time for many homeowners. While you invest in your home and pay off your mortgage, you’ll be happy to see your equity and assets grow. Many homeowners can use hundreds of thousands in home equity to pursue a myriad of…

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Demand for Homeownership Rising Among Millennials

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You may be surprised to learn that the millennial generation, once known for being renters, has become a driving force in today’s home buyer market. Although people have seen some of the demand for buying a home slow as interest rates rise, there are still plenty of buyers out there. The idea that millennials are…

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Saving for a Home Is Possible

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Last week, we discussed how higher interest rates are increasing the cost of owning a house. On hearing this news, many fear they’ll never save enough. Still, saving up to own an asset like a home can bring you great returns and help you avoid being at the mercy of the rental market. Finding a…

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Positive Signs for Today’s Homebuyer

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With recent inflation, the cost of owning a home could increase. Despite this, inflation is causing some pressure that could benefit you if you want to buy a home this year. Economic changes have caused a cooling off with demand for homes in several markets. With rising mortgage rates, many are questioning whether it’s the…

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What Two Questions Should Every Homebuyer Ask Themselves Right Now?

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The housing market has been greatly impacted recently by increased interest rates initiated by the Federal Reserve in an attempt to curb inflation. The rising interest rates have significantly impacted the price of mortgage payments, making it more expensive to borrow money to afford a home. Many potential homebuyers are worried that they may currently…

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What Is a Home Equity Line of Credit?

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Are you a current homeowner looking for a supplemental form of income? There are loan options that exist that can allow you to access the equity that has built up in your home in exchange for credit or cash. One great type of option that lets borrowers tap into home equity is known as a…

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