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The Pros and Cons of Buying a House

PennyMac

Mortgage interest and property taxes may be tax deductible. Property taxes and HOA fees are the buyer’s responsibility. Rental insurance is inexpensive. You Pay Property Taxes. You also can deduct your state, local, and property taxes up to a combined $10,000. in your area.

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Understanding Mortgage Payments

Assurance Financial

You can also borrow strategically against your equity by taking out home equity loans — to perform renovations, say, and boost the eventual resale value of your home. How Does a Mortgage Loan Work? A mortgage loan is a type of loan that is used to purchase a property, such as a home or a piece of land.

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Does Refinancing Affect Your Taxes?

Assurance Financial

Refinancing could potentially lower your monthly payments , allow you to consolidate debt, speed up the payoff process for your mortgage, eliminate your private mortgage insurance (PMI) and put more cash in your pocket. These improvements may also reduce your liability for capital gains tax. Improve a Rental Property.

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Buying a Vacation Home: 4 Critical Factors & Expert Advice

PennyMac

That is, until your home renovation projects start to go down the toilet (or worse, the toilet starts falling through the floor). Here’s how to know if the property you’re considering is a great investment, or just a great way to empty your wallet. So, you’ve finally found your dream vacation house. Buying a vacation home?