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The Top 10 Real Estate Tax Deductions for 2013

As the deadline to file income taxes approaches, it’s time to take a new look at the changing tax landscape for homeowners. The dynamic atmosphere in Washington, D.C. has a different effect each year on which tax breaks are proposed, rescinded, changed and extended for taxpayers who own a home. Many of the tax benefits homeowners …

How to Assume a Mortgage So a Seller Can Move On

If you offer to assume a mortgage, you could be making life easier for the seller and make them more motivated to accept your purchase offer. Of course, assuming a mortgage is not be the traditional means of buying a home. In most instances, you apply for a mortgage through a lender, find a home for sale, and use …

VA Home Loan Tips You Can’t Afford to Ignore

Veterans United A VA home loan can be a big help for veterans and military members who want to make the jump to owning a home. But you’re going to have to use that military eye for precision and planning when it comes to landing a loan too. VA loans tend to feature more flexible and …

How to Buy a Home When You’re Saddled With Student Loan Debt

YinYang/iStock; Feverpitched/iStock Education is supposed to be your stepping stone to a financially secure future, right? But recent years have seen a perfect storm of ever-rising tuition rates and weak employment, leaving many recent grads saddled with thousands of dollars in student debt and with no job in sight. Bummer. This helps explain why so …

4 Things Consumers Should Think About Before Financing a Home Improvement

doublediamondphoto/iStock With Goldman Sachs’ newest loan product, the money-center bank is making a smart bet. Goldman Sachs announced Tuesday that it will begin offering home improvement loans through Marcus, its consumer-focused subsidiary. Borrowers can get loans in amounts ranging from $3,500 to $40,000 for a period of three to six years. The loan product carries no fees …

What Is an Underwriter: The Unseen Approver of Your Mortgage

iStock/UberImages Once you have found a house you like, made an offer and been pre-approved for a mortgage, you might think you are home free. However, you still have an important hurdle to clear: working with an underwriter and getting through the loan underwriting process. So what is an underwriter and what can you expect …

All the Frequently Used Mortgage Terms You Need to Know

Welcome to the realtor.com® mortgage terms glossary, featuring 47 frequently used words and phrases you need to know as a home buyer or a homeowner. (Some definitions contain additional information, examples and answers to common questions. When available, click on mortgage terms to learn more on realtor.com®.) Adjustable-Rate Mortgage (ARM): A mortgage loan with an interest …