If you're considering buying a home while dealing with unpaid taxes, you might be wondering how your tax debt affects your mortgage approval. The good news is, it is possible to buy a home even if you owe taxes. Here’s what you need to know about how owing taxes can impact your homebuying process. How Owing the IRS Affects Buying a Home You might not need to wait until your tax debt is completely paid off to apply for a mortgage. It’s important to speak with a loan officer who can guide you through your options based on your specific financial situation. If you’ve been paying … [Read More...]
Owning a home is an important goal for many people, and as a single mom, it can sometimes feel like a distant dream. But the reality is that homeownership is more achievable than you might think, especially when you know about the financial resources and programs available to you. First-time homebuyer grants, special loan programs, and down payment assistance can help you overcome the financial barriers that might otherwise stand in your way. Here's what single moms should know about these opportunities. Understanding First-Time Homebuyer Grants First-time homebuyer grants are specifically … [Read More...]
When preparing to sell your home, one critical decision you’ll face is whether to sell it as-is or invest time and money into repairs and updates. The right choice depends on your unique situation, but understanding the implications of each approach can help you make an informed decision. The Current Market Landscape According to a study by the National Association of Realtors (NAR), 61% of home sellers completed at least minor repairs before listing their property. On the other hand, 39% opted to sell their homes as-is. This suggests that while many sellers see the value in sprucing up … [Read More...]
As the temperatures drop, keeping your home warm without drastically increasing your energy costs is a priority for many homeowners. Fortunately, there are simple yet effective strategies that can help you conserve heat while enhancing your home’s energy efficiency. By following these tips, you can maintain a comfortable indoor temperature, reduce your heating bills, and do your part to minimize your environmental impact. 1. Seal Doors and Windows One of the easiest and most effective ways to conserve heat is by preventing drafts at entry points. Gaps around doors and windows are prime … [Read More...]
With the CPI and PPI scheduled for release in the upcoming week, the previous week was lightly peppered with a small amount of impactful financial data releases. The highlight was the S&P Manufacturing PMI, which reported final numbers for the year showing better-than-expected improvements in the manufacturing sector. Unemployment data also aligned with expectations, reinforcing the likelihood of a Federal Reserve rate cut remaining on track. Lastly, the Consumer Credit Report had the expected jump just before the Holiday Season as consumers relied on credit to make holiday purchases … [Read More...]
As the year comes to a close, it’s the ideal time to take a step back and assess your financial situation, especially if you're planning to buy real estate in the coming year. Whether you're a first-time homebuyer, looking for an investment property, or aiming to upgrade, being financially prepared can make all the difference. 1. Review Your Credit Score Your credit score is a key factor in determining whether you’ll be approved for financing and what kind of interest rate you will receive. Obtain your credit report from the three major bureaus—Equifax, Experian, and … [Read More...]
