Category Archives for "Mortgage Industry News"
Understanding the Consequences of Halting Your Mortgage Payments
By the end of 2024, a historic 2.2 million mortgages were either overdue or in the foreclosure process. Here’s what occurs when mortgage payments are halted.
Continue readingUnraveling Your Mortgage: What Happens When Payments Stop
By the end of 2024, an unprecedented 2.2 million mortgages were either overdue or undergoing foreclosure. Learn about the consequences of stopping your mortgage payments.
Continue readingSocial Security and Younger Retirees: Ensuring Home Stability
Early retirees depend heavily on Social Security benefits, which can create difficulties for those who still have mortgage payments.
Continue readingUnlock a Major Tax Benefit This Year with Your Latest Mortgage Statement
Managing tax deductions as a homeowner can be complex. A key document to remember is your mortgage statement.
Continue readingUnlock Hidden Tax Benefits: How Your Latest Mortgage Statement Can Boost Your Refund
Understanding tax deductions as a homeowner can be complex. It’s important to pay attention to various documents, including your mortgage statement, to ensure you take full advantage of available deductions.
Continue readingMaximizing Your Tax Benefits: Standard vs. Itemized Deductions for Homeowners
Choosing between the standard deduction and itemizing your expenses can be a crucial decision when preparing your tax return. This choice might be a key consideration as you get ready to file your taxes.
Continue readingMaximizing Your Tax Savings: Standard vs. Itemized Deductions for Homeowners
When getting ready to file your taxes, deciding between taking the standard deduction or itemizing your expenses is an important choice to make.
Continue readingNavigating Tax Implications When Giving or Receiving a Down Payment Gift
Relatives frequently support homebuyers by contributing to their down payment. However, it’s essential to be aware of the associated tax consequences before giving or receiving such financial assistance.
Continue readingNavigating Tax Implications of Down Payment Gifts
Family members often assist homebuyers by contributing to the down payment. However, it’s important to be aware of the tax consequences before giving or receiving such financial gifts.
Continue readingFHA Loans and Adjustable Rates: Is an ARM Possible?
When purchasing a home, buyers encounter several important decisions, one of which is choosing between a fixed-rate mortgage and an adjustable-rate mortgage (ARM). By 2025, this decision may become more complex due to changing interest rates, housing prices, and other economic factors. FHA loans offer an ARM option that starts with an initial interest rate, followed by a period of adjustments that can vary based on the agreement between the borrower and the lender. Typically, ARM loans provide a more competitive introductory rate compared to FHA’s fixed-rate mortgages. Many borrowers intend to sell or refinance their homes before the first rate adjustment or shortly after when opting for an ARM loan. These loans are ideal for individuals who are prepared to manage the potential rate changes. Below are the guidelines for FHA ARM loans, which may differ from those of other government-backed mortgage programs. The following sections outline the ARM loan criteria specific to the FHA Single Family Home Loan program. As previously mentioned, the interest rate on an ARM is subject to change. There is an initial rate period, after which rate adjustments begin. FHA ARMs include four main components: […]
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