The last post went over the advantages of paying off your Mortgage Loans TX. Now for the disadvantages. 1) Missing out on tax deductions for interest. The interest paid on your mortgage is usually tax deductible. If you no longer have payments, then you no longer have tax advantages for that reason. 2) Other assets [...]
Knowing you have no mortgage debt. You can rest easy knowing you do not owe any more payments to your lender. Increased financial flexibility. You can use your income towards other large purchases due to you’re a greater sense of financial independence. Security. With no balance left to pay on your Texas Mortgage than you [...]
According to the Dallas, Texas News, a seniors housing community is planning to be built and Turtle Creek seems to be the site of interest for developers. The development would consist of a reconstruction of the old Republic Insurance buildings next door to the Mansion on Turtle Creek hotel and condo tower. The architect hired for the [...]
Douglas B. Foster, Commissioner of the Texas Department of Savings & Mortgage Lending released a notice with valuable tips for local consumers applying for a Texas mortgage loan: Before Applying for a Loan— Verify: Foster urges consumers to constantly check the State of Texas website to determine whether the lending company or broker/loan officer are [...]
Real Estate Expert and Blogger Barbra Corcoran offers tips and advice on how to sell your home in today’s economy via MSNBC. Time it Right. If your house has been on the market for a while, take it off for two months and then relist it as new. Few houses sell around the holidays up [...]
Know how much you can save. By checking a mortgage calculator and entering the length of the loan, the interest rate, and monthly payments, you can determine the total paid interest that will be out of pocket. Know if you qualify. How much you owe on a previous mortgage and the value of your current [...]
The Bodwin Family of South Oak Cliff, Texas, had a very happy Thanksgiving this year as a group of complete strangers provided them with a place to live. Chuck Bodwin, a local pastor, along with his wife and eight kids were forced out of their home as it was foreclosed upon due to hard times. [...]
Students from four local Texas universities were recently awarded $40,000 in academic scholarships from the Insurance Council of Texas (ICT) Education Foundation. The students, hailing from St. Mary’s University in San Antonio, Baylor University in Waco, the University of North Texas in Denton and the University of Texas at Austin, are each studying insurance and [...]
When searching for a new home and in need of a Texas home loan, or even just making improvements to your current residence, there are a variety of tax advantages that both homebuyers and homeowners can profit from almost immediately. Here are some of the tax breaks featured on eFinanceDirectory- Mortgage Interest: The IRS allows [...]
Texas homeowners are distraught after they have been left struggling with foreclosure due to the lack of communication from some mortgage lenders. The federal government has been trying to encourage lenders to work with struggling families before they get behind on their mortgages. According to KSLA News 12, “government guidelines show that lenders were even [...]
