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Are you ready to buy a home?

Homeownership can be very exciting. Equity building, tax deductions, a sense of pride and a place to decorate to your specific taste are just a few reasons why owning a home is often referred to as “The American Dream.” However, just as Marvel Comic superhero Spider-Man was warned, “With great power comes great responsibility.” And homeownership undoubtedly is one of the greatest forms of responsibility you may take over in your life.

We’ve all heard it’s a great time to buy – and it truly is….if (and it’s a big “if”) you are emotionally, physically and – most importantly – financially ready. If you aren’t prepared to change your lifestyle, you aren’t prepared to own a home. How do you know if you’re ready to buy? Ask yourself these questions:

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Are you ready to buy a home?

Homeownership can be very exciting. Equity building, tax deductions, a sense of pride and a place to decorate to your specific taste are just a few reasons why owning a home is often referred to as “The American Dream.” However, just as Marvel Comic superhero Spider-Man was warned, “With great power comes great responsibility.” And homeownership undoubtedly is one of the greatest forms of responsibility you may take over in your life.

We’ve all heard it’s a great time to buy – and it truly is….if (and it’s a big “if”) you are emotionally, physically and – most importantly – financially ready. If you aren’t prepared to change your lifestyle, you aren’t prepared to own a home. How do you know if you’re ready to buy? Ask yourself these questions:

(more…)


Once Again, Mortgage Rates Hit Record Lows

If you’re thinking about buying a home, the time to buy is now! Interest rates keep falling to record lows. According to Freddie Mac (FMCC, Fortune 500), rates have fallen to their lowest point in over forty years. The average fixed rate on a 30-year loan fell to 3.31% from 3.34% the previous week in addition to the rate on a 15-year fixed rate loan also dropped to 2.63% from 2.65% in a one week period.

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9 Credit Do’s and Don’ts

Did you know that most lenders pull your credit report a couple of times during the loan process? Keep in mind that a credit report is usually pulled prior to closing the loan, and if your credit scores have changed you may no longer qualify for the rate or program that you are attempting to get.

Avoid detrimental changes to your credit score by following these helpful tips that many make during the loan process: (more…)


10 Common Errors Home Owners Make When Filing Taxes

As of today, the IRS is accepting e-filing for your 2011 taxes. Chances are, if you’re a homeowner, there are a lot of tax circumstances you’re not completely clear on. There are so many things to consider when filing taxes, and many people make mistakes when filing taxes on their own.

As you calculate your tax returns, consider each home tax deduction and credit you are — and are not — entitled to. Running afoul of any of these 10 home-related tax mistakes — which tax pros say are especially common — can cost you money or draw the IRS to your doorstep. (more…)


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