Homeownership and Taxes: How Does Buying a House Affect Your Taxes?
Purchasing a home comes with a range of financial benefits, including potential tax advantages. Tax laws can be complex, and every homeowner’s situation is unique. It’s best to consult with a tax professional before making financial decisions related to homeownership. In this article, we’ll explore the common ways buying a home can impact your taxes. […]
Who Qualifies for the FHLB Grant? What Borrowers Need to Know
Today’s market is tough for many homebuyers, thanks to higher interest rates and home prices. In response, mortgage lenders like Compass Mortgage are working to bring homebuyers more affordable options. One such option is the FHLB Grant, which provides down payment and closing cost assistance to income-eligible borrowers. (FHLB is an acronym for the Federal […]
Refresh Your Home: 5 Spring Best Home Improvement Projects
Spring is the perfect season to spruce up your home. As the weather warms up and the days get longer, homeowners enter the ideal conditions for tackling home improvement projects that boost comfort and property value. If you’ve been considering making home improvements ahead of the long summer months, it’s time to start making your […]
How to Find a Real Estate Agent: A Guide for First-Time Homebuyers
In a highly competitive and complex market, homebuyers need a reliable advocate to guide them through the process and ultimately put the most compelling offer on the table. This role typically belongs to a real estate agent, a professional who can help you with everything from finding the right property to closing the deal. Paired […]
How to Apply for an FHLB Grant: Step-by-Step Guide
It’s no secret that the current market for first-time homebuyers is tough. However, there are resources available to help ease the costs. The FHLB Grant provides eligible homebuyers up to $5,000 for their down payment and closing costs. FHLB is an acronym for the Federal Home Loan Bank System, a consortium of eleven banks across […]
Financial Spring Cleaning: A Step-by-Step Guide to Saving for a House and Getting Mortgage-Ready
Spring often inspires a period of cleaning and decluttering our living spaces. What if you extended this “spring cleaning” to your finances? Lenders evaluate mortgage applications based on various factors, including credit history, debt levels, income and savings. If you plan to buy a home this spring, organize your financial documents, review your credit and […]