Why the Cheapest Home on the Block Might Not Be the Best Deal

Finding a home at a bargain price can be exciting, especially in a competitive market. However, the lowest-priced home in a neighborhood is not always the best deal in the long run. While it may seem like a smart financial move upfront, there are several factors that could make it a less-than-ideal investment. Here is why buying the cheapest home on the block might not always work in your favor. Hidden Repair and Renovation CostsOne of the main reasons a home is priced significantly lower than others in the area is due to its condition. Older systems, outdated interiors, and…
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Should You Lower Your Amortization to Pay Off Your Mortgage Faster?

Paying off your mortgage faster is a tempting goal. After all, who doesn’t want to own their home outright sooner and save on interest along the way? One way to do this is by lowering your amortization period, which is the time it takes to repay your mortgage in full. But is it the right move for you?  What Happens When You Lower Your Amortization? Lowering your amortization means shortening the repayment period for your mortgage. For example, instead of a 30-year term, you might choose 15 or 20 years. While this strategy can lead to significant savings in interest…
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How to Buy a Home if You Owe Taxes

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…
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