Mortgage 1 Inc. Blog - Home Buying Tips Once a Week

April 28, 2022

The Benefits of Paying Off Your Home Loan Early

Your monthly mortgage payment is likely your biggest expense. Why and how do some people pay it off early? And are there any downsides to paying off your home loan ahead of schedule? Every homeowner dreams of the day when they pay off their mortgage […]

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 […]