Are Home Equity Loans Tax-Deductible in 2018?

When the Tax Cuts and Jobs Act of 2017 was signed into law, there was an immediate uproar. Some people railed about how it would affect their paychecks, others about their child care credits. Another group was howling about their formerly tax-deductible interest from their home equity loans. We’re here to get to the bottom of this situation and clear up any misinformation you may have heard about deducting home equity loan interest in 2018 and after.

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Where to Find First-Time Homebuyer Grants

The truth is that homebuyer grants aren’t actually for everybody, but they are for a lot of people. In fact, there are so many out there that unless your income is exceptionally high for the area or you’re on a tight schedule, you’ll probably find plenty of places that will give you a grant or something similar to get into your first home.

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What You Need to Know About the Different Types of Mortgages

Choosing the mortgage that’s right for you can be really confusing and complicated, especially if you’re one of many buyers who has a lot of options to choose between. Do you go with the 30-year conventional or the 30-year FHA? What’s this USDA thing all about? This blog should help fill in what you need to know about the different types of mortgages.

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Wondering How Much Closing Costs Are? Look at the Loan Estimate Form

How much are closing costs, really? When it comes to nearly anything else in life that you buy, you know the price up front. You buy a bag of bananas, it’s 49 cents a pound. You order a new laser printer, it’s a couple hundred bucks. You know what it’s going to cost, to the penny, before you agree to buy the thing. 

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Getting Your Closing Costs in Stone: Looking at the Closing Disclosure Form

In our last post, we explained the Loan Estimate form and how it can help a mortgage shopper decide between mortgage loan options. This blog is about that form’s fraternal twin, the Closing Disclosure form. They’re two pieces of a whole, designed to ensure that you get the loan you think you’re getting and all your mortgage and closing related expenses are spelled out in plain English.

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How Much Should I Spend on My Home?

If you’re a first-time homebuyer, you may have no idea how much house you can actually afford. What’s expensive for some buyers may be totally doable for you (whereas that cobblestone dream home down the street may be more of a future goal than a practical starter home). There’s no quick formula to figuring out how much you should spend on your home, but we’ll give you the top 6 factors to consider so you can start honing in on your ideal price range. 

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