October 29, 2024

·
by

McKenzie Hagan

Can I Rent My House Out with an FHA Loan? Can I Use an FHA Loan for an Investment Property?

If you’re a homeowner considering renting out your property, you may be wondering about the implications of your Federal Housing Administration (FHA) loan. FHA loans are popular among first-time homebuyers due to their low down payment requirements and favorable terms. However, when it comes to renting out your home, there are specific guidelines you need to understand. In this comprehensive guide, we will explore whether you can rent out your house with an FHA loan, the conditions that apply, and what steps you should take if you decide to go this route.

October 28, 2024

·
by

McKenzie Hagan

The Homeowner's Guide to Tax Deductions: Unlocking Savings

Homeownership is a dream for many, but it also comes with its share of financial responsibilities. Fortunately, one of the significant perks of owning a home is the variety of tax deductions that can help ease the financial burden. In this guide, we’ll explore the potential tax deductions available to homeowners, giving you the tools you need to maximize your savings during tax season.

No items found.

October 15, 2024

·
by

McKenzie Hagan

Should I Refinance My Car Loan Before Buying a House? A Guide for First-Time Homebuyers

Deciding to buy your first home is an exhilarating journey, but it can also be a bit daunting, especially when it comes to financial decisions. One question that often comes up for first-time homebuyers is whether they should refinance their car loan before diving into the homebuying process. This article will walk you through the factors to consider, including credit scores, debt-to-income (DTI) ratios, and monthly payments, so you can make an informed decision that suits your financial situation.

October 11, 2024

·
by

McKenzie Hagan

Are You Ready to Be a Homeowner? A Comprehensive Guide to Assessing Your Readiness

Becoming a homeowner is a monumental decision, one that can bring immense joy but also significant responsibilities. For many Americans, homeownership represents stability, a long-term investment, and the chance to create a personal sanctuary. But how do you know if you’re ready to take the plunge? In this article, we’ll explore essential factors to consider, the concept of time to value, the advantages of leveraging a mortgage, and the intricacies of mortgage payments—especially how they change based on your down payment.

October 9, 2024

·
by

McKenzie Hagan

Your Guide to First-Time Homebuyer Programs in South Dakota: Grants, Down Payment Assistance, and Programs

Buying your first home is an exciting milestone, but it can also be overwhelming. Many first-time homebuyers in South Dakota may not realize the variety of programs and financial assistance available to make the process smoother. This guide will help you navigate the landscape of grants, down payment assistance programs, and first-time homebuyer programs available in the state.

October 8, 2024

·
by

McKenzie Hagan

How Much Should You Put Down as a Down Payment as a First-Time Homebuyer?

Buying your first home is an exhilarating journey, but it comes with a myriad of decisions, one of the most significant being the down payment. This article will guide you through the ins and outs of down payments, exploring different options, factors to consider, and actionable tips to help you navigate this critical aspect of homeownership.

October 7, 2024

·
by

McKenzie Hagan

The First-Time Homebuyer’s Guide to Buying a House For Sale By Owner

Buying your first home is an exciting milestone, but navigating the real estate market can feel overwhelming, especially if you’re considering purchasing a house for sale by owner (FSBO). Unlike traditional listings, FSBO homes are sold directly by the owner, often making the process more personal and sometimes more affordable. In this guide, we’ll break down everything you need to know about buying a house FSBO, with practical tips tailored for first-time homebuyers.

October 1, 2024

·
by

McKenzie Hagan

What is a Mortgage Discharge? Understanding the Process of Paying Off Your Loan

When you take out a mortgage, you enter into a long-term commitment with your lender. But what happens when you’ve paid off your loan? This is where a mortgage discharge comes into play. In this comprehensive article, we'll explore what a mortgage discharge is, why it’s important, and the steps involved in the process.