Save Money With The Mortgage Tax Credit Certificate
Friday, November 13
The Mortgage Tax Credit Certificate (MTC) is offered through the State of Ohio Housing Finance Agency (OHFA). It can reduce a first-time home buyer's tax liability by allowing them to claim an annual federal tax credit for their mortgage interest. As long as a home buyer meets the qualifications ...
Inexpensive Fall Home Maintenance Tips
Friday, November 06
Winter can be very harmful and even outright destructive to a home. There are some inexpensive maintenance items that you can do to properly prepare for the inclement weather to come. Usually, you can prepare your property for the upcoming winter in just one afternoon. The following home maintena...
What to Expect When You Sign Your Mortgage Closing Papers
Saturday, October 31
The final step in taking ownership of your new house is signing your closing documents at the title company. Depending where you live, you may sign your closing documents with the seller(s) present or you may each sign your documents separately. Either way, the title company is responsible to mak...
FHA: The Non-Occupying Co-Borrower Rule
Saturday, October 24
The Department of Housing and Urban Development (HUD) administers FHA loans. This loan type requires a 3.50% down payment, which can be a gift from a relative or down payment assistance from an eligible source. The credit standards for this loan type are easier to qualify for as compared to typic...
How to Handle Your Finances After Marriage
Monday, October 19
If you have recently become engaged or married, one of the first things that you should do with your fiancé or spouse is to sit down and discuss how you will manage your finances in the future. Combining both of your finances will involve compromise, planning, and joint decisions on future financ...
How First-Time Homebuyers Can Save Money
Wednesday, September 30
There are many reasons it would be financially advantageous to purchasing a house. You may have recently graduated from college, are a newlywed, expecting your first child, or have accepted a new high-paying job. There are long-term financial advantages and tax benefits to homeownership, but one ...