Mortgage 1 Team

April 21, 2022

The Federal Tax Mortgage Interest Deduction Explained

Did you know that a home loan can reduce your tax payments? Depending on how you use the property, you may be eligible for a federal tax deduction. Home ownership comes with a lot of expenses, some of them unexpected. Finding out that you may […]
April 14, 2022

What Is Escrow? How Does It Work?

Escrow is one of those mysterious-sounding aspects of home mortgages that seem designed to confuse new home buyers. But if you look at it carefully, the benefits of escrow often outweigh the extra complexity. What is escrow? The legal definition is quite broad: “A deed, […]
April 6, 2022

Refinancing 101: What Is Refinancing, Why Might You Refinance, and What Can You Expect?

It’s not just home buyers who shop for mortgages; sometimes home owners do, as well. In this article, we discuss when, why, and how to refinance your current home. Refinancing may seem like an entirely different subject than a standard home mortgage, but the truth […]
March 29, 2022

Why Mortgages Require Home Appraisals — And How They Help You

Your loan officer tells you that a home appraisal is required before they’ll sign off on the mortgage. Or the shoe is on the other foot: You’re selling a house and a buyer requests a home appraisal. What should you expect? Whether you’re buying, selling, […]