Interest rates are on the rise. For those new home buyers and investors sitting on the fence, now might be the best chance to purchase or refinance while the rates are still low. The week ending November 18th posted the highest 30-year fixed interest rate in three months. According to the weekly survey from the … Read more
For all of us, it’s important that we can comfortably afford our new home. So how can you determine how much home you can afford and how do lenders determine how much home you can afford?
Did you know that as a homeowner you are entitled to deduct interest expenses on your original loan (up to $1 million)? You can also deduct interest expenses on: a second home loan (up to $100,000), on home equity indebtedness (up to $100,000); regardless of how you choose to use the funds…