Putting money aside in order to purchase a home is a complex issue, which takes several distinct factors into account. For one thing, it directly relates to the size of your household budget, as well as to your ability to save money for the downpayment. There’s no simple and single answer to the question of […]
First Time
Grants for First Time Home Buyers
Grants for FTHB are largely different from first time home buyer loans, mostly because, unlike loans or mortgages, grants for buying homes are non-refundable. Great, so, that means you can just walk into your local federal housing agency and ask for some money, for, say, buying a house with bad credit, right? Not exactly. The […]
Does Buying a Home Help on Taxes?
Today’s post tackles yet another seemingly straightforward question: does buying a home help on taxes? If you were to believe the hype, which you get plenty of, due to the competitive nature of the home lending industry, the answer would be a resolute ‘yes’. Yet, in reality, things are not as picture-perfect, when it comes […]
Are Closing Costs Tax Deductible?
Since tax deductions are an often touted benefit of home purchases for first time buyers, it’s just as reasonable to wonder about closing costs tax deductible perks as it to ask oneself ‘are property taxes deductible?’ The answer is affirmative on both counts, though specific conditions apply both to the property tax deduction (also known […]
Home Purchase Assistance for First Time Buyers via HUD HOME
In the wake of the housing bubble and the recession that followed it, home purchase assistance programs became an important point on the authorities’ agendas, from federal to state and local level. HUD loans can work very well as first time home buyer grants, even though they were not specifically designed to this end. Yet, […]
Who Pays Closing Costs?
Nowadays, property closings don’t happen like they used to a few decades back. Of course, most of them are closed in face to face meetings, but many closings nowadays take place virtually, with the aid of money wire services and digital signature of the required paperwork. That being said, at the end of the deal, […]
What to Expect from First-Time Home Buyer Tax Credit Programs in 2015
If you’re interested in first time home buyer tax credit 2015 is definitely an interesting year to be experiencing and that’s because this year, the bulk of first-time home buyer programs will be state and locally funded. This year’s 1st time home buyer should know better than to expect federal funding. However, if you plan […]
What to Expect from First-Time Home Buyer Tax Credit Programs in 2015
If you’re interested in first time home buyer tax credit, 2015 is definitely an interesting year to be experiencing. That’s because this year, the bulk of first-time home buyer programs will be state and locally funded. This year’s 1st time home buyer should know better than to expect federal funding. However, if you plan on […]